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
However, that figure represents less than 1% of the total light duty vehicle market in China. The Chinese government initially overestimated consumer demand for electric vehicles, and has made adjustments to its incentive policies. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers.
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