How will the electric vehicle market in China develop in the next 5 years ?
DOI:
https://doi.org/10.61173/8hthj254Keywords:
Electric vehicle market, government pol-icies, consumer preferences, technological innovation, environmental impactAbstract
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.
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Yang,J. (2016) Factors influencing consumers purchasing for new energy vehicles, Shanghai Management Science. 38(3),56-63. Evaluation of references I evaluate the literature using the CRAAP method. The CRAAP method is a useful framework for evaluating the quality of literature. First, Currency assesses whether the information is up to date and still relevant to the current context. Relevance considers how closely the source aligns with the specific research topic or question. Authority examines the credibility of the author or organization behind the information, ensuring they have the appropriate expertise. Accuracy evaluates whether the content is reliable, free from errors, and supported by well-cited evidence. Finally, Purpose looks at the intent behind the source, determining whether it aims to inform objectively or presents a biased or promotional viewpoint. By applying these criteria, researchers can effectively judge the credibility and appropriateness of a source for their work. Appendix A 4.2 - Results by questions 4.2.1 - Question 3 - Relative low price is an essential determinant when you consider buying an electric car This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show to what extent will price affect future growth of the EV market. The distribution of replies is shown below. Figure 4 The mean response for this question was 6.94 and the mode was 8. The median was 7. The standard deviation Dean&Francis ISSN 2959-6130 was 2.376 which means people’s opinions are relatively divided. 4.2.2 - Question 4 - You will not choose to buy an EV if the range of it is still short. This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show to what extent will technology like battery life affect future growth of the EV market. The distribution of replies is shown below. Figure 5 The mean response for this question was 6.57 and the mode was 10. The median was 7. The standard deviation was 2.680 which means people’s opinions are relatively divided. 4.2.3 - Question 5 - You would like to see more charging facilities nearby your place before deciding to buy an EV This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show to what extent will supporting facilities affect future growth of the EV market. The distribution of replies is shown below. Figure 6 The mean response for this question was 6.57 and the mode was 7. The median was 7. The standard deviation was 2.012 which means people’s opinions are relatively divided. 4.2.4 - Question 6 - You will buy an EV for environmental concerns This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly Dean&Francis Jingyu Dou agree” in order to show to what extent will environmental awareness affect future growth of the EV market. The distribution of replies is shown below. Figure 7 The mean response for this question was 5.52 and the mode was 7. The median was 6. The standard deviation was 2.065 which means people’s opinions are relatively divided. 4.2.5 - Question 7 - You are worried about safety problems of EVs. This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show to what extent will safety concerns affect future growth of EV market. The distribution of replies is shown below. Figure 8 The mean response for this question was 5.39 and the mode was 8. The median was 6. The standard deviation was 2.352 which means people’s opinions are divided. 4.2.6 - Question 8 - You welcome government provide further support for the EV market in the future. This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show people’s attitudes towards government policies. The distribution of replies is shown below. Dean&Francis ISSN 2959-6130 Figure 9 The mean response for this question was 7.34 and the mode was 9. The median was 8. The standard deviation was 1.824 which means people’s opinions are relatively concentrated, and the data for this question is relatively reliable. 4.2.7 - Question 9 - You are more willing to choose a brand with better reputation and popularity in the EV market This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show to what extent will brand awareness affect people’s choices. The distribution of replies is shown below. Figure 10 The mean response for this question was 7.12 and the mode was 10. The median was 8. The standard deviation was 1.747 which means people’s opinions are relatively concentrated, and the data for this question is relatively reliable. 4.2.8 - Question 10 - You will choose to buy an EV from domestic Chinese manufacturer in the future This question was asked as an agreement scale question with 1 being “strongly disagree” and 10 being “strongly agree” in order to show people’s attitudes towards domestic EV brands and manufacturers . The distribution of replies is shown below. Dean&Francis Jingyu Dou Figure 11 The mean response for this question was 6.65 and the mode was 7. The median was 7. The standard deviation was 2.234 which means people’s opinions are relatively divided.
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