Chinese EV market 40% annual growth

Market intelligence firm Pike Research expects the Chinese market for EVs to grow by 40% per year between now and 2015. Chinese demand is benefiting from various national-level initiatives to promote the awareness and adoption of EVs, such as subsidies for EV purchasers, tax incentives, and public education programmes.

The Chinese EV market has “critically important implications” for global market participants, Pike Research’s latest report on EVs in Asia Pacific concludes.