China’s Connected Spenders & Car Demand

Driving Growth of New Energy Vehicles

September 13, 2016
Louise Keely, President, Brian Anderson, Associate Program Director, and Dori Rubin, Program Associate 

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+Email this to someone

China is the world’s largest automotive market with more than 21 million sales in 2015. At the same time, many cities are experiencing high levels of pollution, and the central government’s most recent 5-year plan emphasizes the importance of green energy, including new energy vehicles. Sales of new energy vehicles are growing quickly but still represent a small portion of the market. In this report, we show there is strong interest in new energy vehicles among Chinese consumers, particularly among the Connected Spenders. These consumers will account for the majority of consumption in China over the next decade, and their unique preferences will drive demand for new energy vehicles as well. We summarize those dynamics and discuss the implications for the auto industry.

Global Payments Landscape

×
Thank You.

thanks for your detail submission.

×
Subscribe
×
The Demand Institute
×
Thank You.

thanks for your detail submission.

×
Subscribe
×
The Demand Institute