Strong Government Support Driving Chinese New Energy Vehicle Market

Foreseeing the potential of new energy vehicle market in China, Chinese Government is proactively taking initiatives and implementing strategies to boost the automobile market in future, acknowledged RNCOS.

NOIDA, India (prHWY.com) April 4, 2012 - According to our research, "China Automobile Sector Analysis", from RNCOS, China is making every possible effort to become the world's leading producer of new energy vehicle. As a major initiative, the Chinese Government has also recently announced various incentives and subsidies to boost the new energy vehicle market. Following the announcement, various big players, including BMW, Toyota, and leading Chinese auto manufacturers like Chery and Geely Automobile, held plans towards entering the promising green vehicle market of China.

The national government and global OEMs are also taking notice of China's commitment to fund the development of its new energy vehicle (NEV) infrastructure. About 45% of China's US$ 588 Billion stimulus plan is to be invested in projects related to developing China's infrastructure, which includes support for a variety of clean car technologies. Even the local governments are supporting the development of energy-saving technology for use in government fleets, including buses, postal, and sanitation vehicles; are offering priority to the EV and promoting the collaboration with businesses to develop infrastructure to support New Energy Vehicles.

The report from RNCOS covers various aspects of the Chinese automobile market. It offers detailed analysis of the Chinese automobile market and its various segments and their sub-segments including passenger cars, commercial vehicle, and utility vehicles. Each section explains the current and future market trends, and developments in the Chinese automobile market. Our research foresees immense opportunities for various industry players, including domestic as well as international. Forecasts for both sales and production of all-important segments of market have also been included in the report to provide a better understanding of the automobile sector in the country. Overall the report offers a comprehensive analysis of the entire Chinese automobile industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM372.htm

Some of our Related Reports are:

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- Used Car Market in India (http://www.rncos.com/Report/IM360.htm)
- India CNG Vehicle Market Analysis (http://www.rncos.com/Report/IM359.htm)
- Indian Tyre Industry Analysis (http://www.rncos.com/Report/IM267.htm)
- Vietnam Automobile Forecast 2014 (http://www.rncos.com/Report/IM348.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: china automobile industry

Categories: Automotive

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