Home / World / Americas

China and US lead with electric vehicle sales potential, study finds

By Chen Yingqun | | Updated: 2016-12-15 10:09

China and the United States have the best potential for healthy sales of electric vehicles, according to research by the global professional services company Accenture.

Looking at technological, economic and political factors, nine other markets are also worth investing in this technology, Accenture said.

Accenture analyzed Britain, Brazil, Canada, China, France, Germany, India, Japan, the Netherlands, Norway, Russia, South Korea, Sweden and the United States, looking for crucial distinctions in their electric vehicle markets.

China and the US ranked top because of the size and growth of their markets. Car makers should target China and the US for investment and adapt product portfolios to cater to specific customer preferences in each country, Accenture said. Factors in ranking markets included numbers of buyers who could eventually afford electric vehicles and the development of extensive charging infrastructure.

All markets were analyzed for factors including governmental regulations and subsidies, as well as non-market-specific factors, such as vehicle range and charge time.

Britain, Canada, France, Germany, Japan, the Netherlands, Norway, South Korea and Sweden were said to have great potential because of their being small markets now but having the prospect for robust growth between now and 2020. In addition, governments in these countries plan to invest significantly to make electric vehicles more attractive, Accenture said.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349