How will the electric vehicle market in China develop in the next 5 years ?

Abstract

This dissertation explores the future development of China's electric vehicle market over the next five years, focusing on key factors such as government policies, technological advancements, consumer preferences, and market competition. Using both primary research, including a consumer survey, and secondary data analysis, the study examines how regulatory support, charging infrastructure, battery technology improvements, and environmental awareness will influence market growth. Findings indicate that government support remains a crucial driver of the EV industry, while increasing consumer preference for domestic brands and technological innovation are shaping future demand. However, challenges such as high vehicle costs, charging infrastructure limitations, and evolving policy frameworks may impact growth. The study concludes that while China's EV market is poised for significant expansion, its trajectory will depend on policy adjustments, consumer adoption rates, and advancements in sustainable mobility solutions.