AppId is over the quota
AppId is over the quota
By Danny King October 7, 2011
China will overtake Japan as the largest battery-electric-vehicle (BEV) maker in the Asia Pacific region as Chinese automakers look to take a bigger chunk of the of the global automotive market that's likely to turn more to electric-drive vehicles amid rising fuel costs and stricter emissions guidelines, Pike Research said in a recent report. Unlike the United States and Europe, China will have many smaller automakers instead a few larger ones, with more than 50 companies currently attempting to develop BEVs. China's annual BEV sales will surge to about 554,000 vehicles in 2015 from less than 33,000 last year, according to Pike Research. China's BEV sales will grow at a rate of more than 40 percent a year, while Japan's BEV sales will grow less than 10 percent annually. As a result, China will account for 45 percent of the BEVs sold in Asia Pacific, compared with Japan's 36 percent.
"China, where around 55 vendors are developing electrified vehicles or launching BEV development programs, will likely create and lead an entirely new category around clean transportation," senior analyst Andy Bae said in a statement. "The country will become one of the biggest consumer markets for BEVs, and global industry players want to enter this market to tap the related opportunities."
With such growth, China will likely play a progressively larger role within a global electric-drive vehicle market set to surge. More than 5 million BEVs and plug-in hybrid-electric vehicles will be sold globally during the next six years because of a combination of rising fuel prices, more stringent greenhouse-gas standards and government incentives, Pike Research said in an August report. Cumulative sales of plug-in electrics will reach 5.2 million vehicles in 2017, up from 114,000 vehicles this year. By 2017, Asia Pacific will account for almost half the consumer purchases of electric-drive vehicles, while North America and Western Europe will each account for about 25 percent, according to Pike's August report.
Danny King: is a frequent contributor to AutoObserver.com.
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