China electric car market is estimated to show a growth of around 20.0% during the forecast period. The country is the largest electric vehicle market globally with covering around 50% of the global electric sales. High air pollution increases the needs to reduce carbon footprints due to which the government promoted electric vehicles in the country. However, in 2019, the government removed a significant number of subsidies on electric cars which resulted in a downfall in the second half of the year. In 2019, a downfall of 22% in the electric car sales had been registered in the country as compared to 2018. Government policies to demotivate the fossil fuel vehicles, rebates on taxes, decrease in the cost of electric cars, development of charging infrastructure, are some of the major factors for the growth of the market in the near future. 

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China electric car market is segmented on the basis of vehicle type, propulsion technology, and battery type. By vehicle type, the market is further analyzed into hatchback, sedan, and SUV. Some of the most common electric cars sold in the country include SAIC Baojun E-Series EV, BAIC EU-Series, BAIC EX-Series, BYD Yuan, BMW 530Le, and BAIC EC-Series. By propulsion technology, the market is further segmented into battery-electric cars and plug-in hybrid electric cars. Battery-electric cars are expected to show lucrative growth in the country. By battery type, the market is further sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries vehicle is expected to cover a major market share in the upcoming period. 

Some of the major automakers contributing to the China electric car market include SAIC Motor Corp. Ltd., BYD Co. Ltd., Great Wall Motors Co. Ltd., BAIC Group, BMW AG, Chang'an Automobile Co., Ltd., Chery Automobile Co., Ltd. and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. The China Electric Car Market Research and Analysis by Vehicle Type 
2. The China Electric Car Market Research and Analysis by Propulsion Technology
3. The China Electric Car Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of the China Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China Electric Car Market.
• Insights about market determinants which are stimulating the China Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.