China Electric Vehicle Industry Research and Forecast, 2013-2017

Research and Forecast of China Electric Vehicle
Industry, 2013-2017
• Published: June 2013
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Industry, 2013-2017
In overall electric vehicle market, the output in China is still relatively low. According to
the statistics of China Association of Automobile Manufacturers, China’s electric vehicle
output in 2012 was only 12,552 units. In 2012, the main type of electric vehicle is pure
electric type with the output of 11,241 units, accounting for the vast proportion of total
output; compared with 2011, the output increased by 98.8% year-on-year. As for the
hybrid electric vehicles, the output in 2012 was only 1,311 units. With the promotion of
national industrial policies, the electric vehicle industry will develop rapidly, and the
output is expected to reach 273,150 units by 2017.
As for the “Plan Draft for the Development of Energy-saving and New Energy Automotive
Industry”, the development route of China’s new energy automotive industry which
takes electric vehicles (including pure electric vehicles and plug-in hybrid electric
vehicles, the same below) as the main strategic orientation has been determined
basically.
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research-and-forecast-of-china-electric-vehicle-industry-2013-2017.html .
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Industry, 2013-2017
During the whole period of the “Twelfth Five-Year”, the state will give priority and pay
more attention to supporting the development of pure electric vehicles and plug-in
hybrid electric vehicles, so as to increase the cumulate sales volume of electric vehicles
largely. And also, the three core technical directions of power battery, motor and electric
control technology have been also determined.
As a kind of energy-saving automobile with transitional technology, hybrid electric
vehicles (excluding plug-in hybrid electric vehicles) only enjoy the preferential finance
and taxation or subsidies which are much lower than the electric vehicles. This also
indicates the technical route for the development of China’s electric vehicle industry.
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Industry, 2013-2017
Under this technical route, the state plans to reach the ownership of more than 500,000
units in the electric vehicle market, and the ownership of energy-saving hybrid electric
vehicles should reach one million units by 2015; and by 2020, the electric vehicle will
reach 5 million units, and the sales volume of energy-saving hybrid electric vehicles will
account for more than 50% of the total passenger cars sales volume.
If calculated in accordance with the subsidy of CNY 50,000 to CNY 60,000 per electric
vehicle and the subsidy of CNY 3,000 per energy-saving hybrid electric vehicle, the
subsidy for electric vehicles will up to CNY 25 billion to CNY 30 billion by 2015, and the
subsidy for energy-saving hybrid electric vehicles will reach CNY 3 billion; and by 2020,
the total subsidy scale for electric vehicle will reach CNY 250 billion to CNY 300 billion.
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China Electric Vehicle Industry Research and Forecast, 2013-2017

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