According to data released by consulting firm Frost & Sullivan, annual sales of low-emission and zero-emission vehicles in the Chinese market will reach 1.55 million by 2020.
Frost & Sullivan also said that in 2012, sales of low-emission and zero-emission vehicles in China were only a few thousand. This means that the scale of China's environmentally-friendly car sales will increase by hundreds of times. The Chinese government is promoting clean vehicle technology and investing 100 billion yuan for auto companies, R&D and infrastructure.
According to another forecast report of the company, global electric vehicle sales last year was 120,000 units; due to the 18% reduction in electric vehicle prices last year, global sales in 2013 will increase by about 50% year-on-year to 170,000 to 190,000 units, and by 2018 It climbed to 2.7 million. Next year, 15 new models, including the BMW i8, Tesla Model X, Audi R8 and Q7, Porsche 918 Spyder and Mercedes-Benz SLS AMG ECell, will be launched, which is expected to boost the electric vehicle market.
However, Frost & Sullivan pointed out that the electric vehicle industry is in the initial stage of development, and the lack of charging facilities has caused the mileage of electric vehicles to become a defect. Enterprises will be under tremendous pressure, such as electric vehicle manufacturers such as CODA and battery manufacturers such as Better Place. They all went bankrupt. The total CODA production is only about 100 vehicles, while Better Place is owing more than 560 million US dollars.
"I don't think any company (electric vehicle manufacturer) is profitable," said Anjan Kumar, an analyst at Frost & Sullivan.
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