Electric Vehicle Charging Station Market in China 2011-2015
By: Technavio, Published: May-2012
Report Code: IRTNTR1189
TechNavio today launched its report Electric Vehicle Charging Station Market in China 2011–2015 based on an in-depth study focusing exclusively on China. The report aims to aid decision makers’ understanding of the present and the future landscape of the market.
- Commenting on the report, an analyst from TechNavio’s Clean Tech team said; “With the majority of the Chinese population living in apartments, public Electric Vehicle (EV) charging stations will be in huge demand, which can be clearly anticipated by the government when promoting the installation of public EV charging stations. Hence, level 2 public station manufacturers will witness huge demand for their products. This increased demand for level 2 stations will drive the growth of the EV Charging Station market in China.”
- According to the report, the scarcity of oil reserves is one of the major factors encouraging the growth of the EV Charging Station market in China. The main reasons for oil scarcity are the rapid demand for oil from developing countries and a simultaneous decline in oil supply. This shortage of oil reserves and the increasing demand for vehicle fuels are leading some countries to seek alternative ways to reduce their dependence on oil. As a result, governments are funding and subsidizing EV and equipment manufacturers to increase the adoption of EVs.
- Further, the report also discusses that lack of proper battery range of EVs is one of the most significant barriers to the growth of the EV Charging Station market in China.
Reasons to Buy
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.