8 New-energy vehicle market
Despite the overall sluggishness in China's auto market, the nation's new-energy vehicle market is skyrocketing at a growth rate of 290 percent year-on-year, with 171,145 NEVs sold through the first 10 months.
The market is strongly supported by government measures introduced this year to make new-energy vehicles, especially pure electric autos, more attractive to customers.
Industry experts believe the country has the potential to surpass the United States this year to be the largest electric car market in the world.
While some critics are worried that growth will slow when government incentives end in 2020, prices for hybrid vehicles are dropping and fuel cell cars are becoming more environmentally friendly than electric ones.
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[Photo/China Daily] |
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