Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate
Green Car Congress
JULY 5, 2012
plug-in hybrid electric vehicles (PHEVs) in China by a greater than five-to-one margin during the forecast period, as the incentives and consumer demand in the country favor emissions-free driving. Price will be a major barrier to growth on the demand side, Pike notes, especially given China’s reliance on cash sales over financing.
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