China Plug-In Hybrid Cars Market Worth $ 51.6 Billion by 2024

According to Goldstein Research, China plug-in hybrid cars market is expected to reach USD 51.6 billion by 2024, growing at a CAGR of 18.4% over the forecast period through 2025. Policies by the Chinese government will continue to deliver strong financial and non-financial incentives to electric vehicle adoption in coming years and this is driving the expansion of China plug-in hybrid cars market.
 
China plug-in hybrid cars market segmentation has been done on the basis of major components and plug-in hybrid car types. Based on the major components, batteries accounted for the largest revenue share as battery still costs up to 25% of overall plug-in hybrid car price.
 
China plug-in hybrid cars market is witnessing that China has emerged as the country with the largest electric vehicles stock, with about a one-third of the global total, surpassing the U.S. stock. China accounted for the 336 thousand new electric cars registered with about 24% of the plug-in hybrid electric cars sales.
 

Market Segmentation

 
On the basis of our in-depth analysis, China Plug-In Hybrid Cars Market can be segmented as follows:
 

By Major Components

 
o          Internal Combustion Engine
o          Electric Motor
o          Batteries
 

By Plug-in Hybrid Cars Type

 
o          Series PHEVs
o          Parallel or Blended PHEVs.
 

Based On Geography

 
o          Tier-1 Cities Plug-in hybrid cars market {Market Share (%), Market Size (USD Billion)}
o          Tier-2 Cities Plug-in hybrid cars market {Market Share (%), Market Size (USD Billion)}
o          Tier-3 Cities Plug-in hybrid cars market {Market Share (%), Market Size (USD Billion)}
 
Request for Sample Report:  China Plug-in Hybrid Cars Market Report Sample
 
“China Plug-In Hybrid Cars Market Outlook 2024” by Goldstein Research contains a detailed overview of the China plug-in hybrid cars market in terms of market segmentation by major components and plug-in hybrid car types.
 
Further, for the in-depth analysis, China Plug-In Hybrid Cars Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as BYD, SAIC Motor Corporation Limited, Dongfeng Venucia Motor Company, Daimler AG, General Motors Corporation, Toyota Motor Corporation, Mitsubishi Motors Corporation, BYD Auto Co. Ltd., Volkswagen AG, BMW AG, Honda Motor Co. Ltd., Hyundai Motor Company, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
 
Overall, the report represents the China plug-in hybrid cars market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
 
The Report is Available at: https://www.goldsteinresearch.com/report/china-plug-in-hybrid-cars-market-size
 

About Goldstein Research

 
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
 
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
 
Our analysts working on automotive industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.
 
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