China Electric Vehicle Market Size 2025-2029
The China electric vehicle market size is forecast to increase by USD 419 billion at a CAGR of 18.3% between 2024 and 2029.
- The Electric Vehicle (EV) market is experiencing significant growth due to the increasing demand for fuel-efficient and low-emission vehicles. This trend is further driven by the integration of renewable energy sources for EV charging infrastructure. However, the high cost of ownership for EVs compared to Internal Combustion Engine (ICE) vehicles remains a challenge. Innovations in technology, such as the development of fuel cells and solid-state batteries, are expected to address this issue and make EVs more competitive. The adoption of SUVs In the US market is also driving the demand for EVs, as consumers seek sustainable alternatives to traditional gasoline-powered vehicles. Overall, the EV market is poised for continued growth, driven by these market trends and the increasing focus on reducing carbon emissions.
What will be the Size of the market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China: Year-over-year growth 2024-2029 (%)
- Data Table on China: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Electric Vehicle Market in China 2019 - 2023
- Historic Market Size - Data Table on Electric Vehicle Market in China 2019 - 2023 ($ billion)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.3 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ billion)
- 5.4 Vehicle Type segment analysis 2019 - 2023
- Historic Market Size - Vehicle Type Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 The AI impact on Electric Vehicle Market in China
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Passenger vehicles - Market size and forecast 2024-2029
- Chart on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Passenger vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Passenger vehicles - Year-over-year growth 2024-2029 (%)
- 8.4 Commercial vehicles - Market size and forecast 2024-2029
- Chart on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Data Table on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
- Chart on Commercial vehicles - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial vehicles - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Technology
- 9.1 Market segments
- Chart on Technology - Market share 2024-2029 (%)
- Data Table on Technology - Market share 2024-2029 (%)
- 9.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 9.3 BEV - Market size and forecast 2024-2029
- Chart on BEV - Market size and forecast 2024-2029 ($ billion)
- Data Table on BEV - Market size and forecast 2024-2029 ($ billion)
- Chart on BEV - Year-over-year growth 2024-2029 (%)
- Data Table on BEV - Year-over-year growth 2024-2029 (%)
- 9.4 PHEV - Market size and forecast 2024-2029
- Chart on PHEV - Market size and forecast 2024-2029 ($ billion)
- Data Table on PHEV - Market size and forecast 2024-2029 ($ billion)
- Chart on PHEV - Year-over-year growth 2024-2029 (%)
- Data Table on PHEV - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Technology
- Market opportunity by Technology ($ billion)
- Data Table on Market opportunity by Technology ($ billion)
10 Market Segmentation by Vehicle Type
- 10.1 Market segments
- Chart on Vehicle Type - Market share 2024-2029 (%)
- Data Table on Vehicle Type - Market share 2024-2029 (%)
- 10.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
- 10.3 Front wheel drive - Market size and forecast 2024-2029
- Chart on Front wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Front wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on Front wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on Front wheel drive - Year-over-year growth 2024-2029 (%)
- 10.4 Rear wheel drive - Market size and forecast 2024-2029
- Chart on Rear wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on Rear wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on Rear wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on Rear wheel drive - Year-over-year growth 2024-2029 (%)
- 10.5 All wheel drive - Market size and forecast 2024-2029
- Chart on All wheel drive - Market size and forecast 2024-2029 ($ billion)
- Data Table on All wheel drive - Market size and forecast 2024-2029 ($ billion)
- Chart on All wheel drive - Year-over-year growth 2024-2029 (%)
- Data Table on All wheel drive - Year-over-year growth 2024-2029 (%)
- 10.6 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
- Data Table on Market opportunity by Vehicle Type ($ billion)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
- SWOT
- 14.5 BAIC Group
- BAIC Group - Overview
- BAIC Group - Product / Service
- BAIC Group - Key offerings
- SWOT
- 14.6 Brilliance China Automotive Holdings Ltd.
- Brilliance China Automotive Holdings Ltd. - Overview
- Brilliance China Automotive Holdings Ltd. - Product / Service
- Brilliance China Automotive Holdings Ltd. - Key offerings
- SWOT
- 14.7 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT
- 14.8 Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. - Overview
- Chery Automobile Co. Ltd. - Product / Service
- Chery Automobile Co. Ltd. - Key offerings
- SWOT
- 14.9 China FAW Group Co. Ltd.
- China FAW Group Co. Ltd. - Overview
- China FAW Group Co. Ltd. - Product / Service
- China FAW Group Co. Ltd. - Key offerings
- SWOT
- 14.10 Chongqing Changan Automobile Co. Ltd.
- Chongqing Changan Automobile Co. Ltd. - Overview
- Chongqing Changan Automobile Co. Ltd. - Product / Service
- Chongqing Changan Automobile Co. Ltd. - Key offerings
- SWOT
- 14.11 China Dong Feng Motor Industry Imp. and Exp. Co. Ltd.
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Overview
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Business segments
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Key offerings
- China Dong Feng Motor Industry Imp. and Exp. Co. Ltd. - Segment focus
- SWOT
- 14.12 Great Wall Motor Co. Ltd.
- Great Wall Motor Co. Ltd. - Overview
- Great Wall Motor Co. Ltd. - Product / Service
- Great Wall Motor Co. Ltd. - Key offerings
- SWOT
- 14.13 Guangzhou Automobile Group Co. Ltd
- Guangzhou Automobile Group Co. Ltd - Overview
- Guangzhou Automobile Group Co. Ltd - Product / Service
- Guangzhou Automobile Group Co. Ltd - Key offerings
- SWOT
- 14.14 SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. - Overview
- SAIC Motor Corp. Ltd. - Business segments
- SAIC Motor Corp. Ltd. - Key offerings
- SAIC Motor Corp. Ltd. - Segment focus
- SWOT
- 14.15 Zhejiang Geely Holding Group Co. Ltd.
- Zhejiang Geely Holding Group Co. Ltd. - Overview
- Zhejiang Geely Holding Group Co. Ltd. - Product / Service
- Zhejiang Geely Holding Group Co. Ltd. - Key offerings
- SWOT
- 14.16 Zhengzhou Yutong Group Co. Ltd.
- Zhengzhou Yutong Group Co. Ltd. - Overview
- Zhengzhou Yutong Group Co. Ltd. - Product / Service
- Zhengzhou Yutong Group Co. Ltd. - Key offerings
- SWOT
- 14.17 Zhongtong Bus
- Zhongtong Bus - Overview
- Zhongtong Bus - Product / Service
- Zhongtong Bus - Key offerings
- SWOT
- 14.18 Zotye Holding Group Co. Ltd.
- Zotye Holding Group Co. Ltd. - Overview
- Zotye Holding Group Co. Ltd. - Product / Service
- Zotye Holding Group Co. Ltd. - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
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