Chinadaily.com: Electric vehicles are expected to account for at least 11 percent of all the new vehicles sold inChina in the next decade on the back of growing environmental awareness and stricter regulations, a new survey said on Monday.
The survey, published by global consultancy firm KPMG, showed that a majority of theChinese respondents (68 percent) expect e-vehicle sales－hybrid, battery cell and fuel cellunits－to account between 11 percent to 15 percent of markets in the next 10 years.
The survey was based on responses from 200 executives from automobile companies,suppliers, dealers, financial services providers, rental companies and mobility solutionsproviders in 31 countries, including 25 from China.
"The Chinese government and automotive industry have high hopes that e-vehicles usher anew era in the world's fastest-growing car market. Not content with catching up with moreestablished players in traditional combustion engine technology, China is looking to leapfrogrivals to become the premier market for e-mobility," said Danny Le, partner and head ofautomotive at KPMG China.
Respondents from China ranked fuel efficiency as the top criterion for buying a car, with about76 percent indicating it would be the main priority, far higher than the global average of 67percent.
Rising air pollution in China, higher fuel costs, strict emission standards and rapidurbanization will ensure that the huge potential for electric cars is eventually realized, althoughthis will require further innovation and disruption across the automotive ecosystem, and helpfrom regulations and tax incentives, the KPMG report said.
