China EV Forecast: 50% EV Market Share by 2025 — Part 2https://cleantechnica.com/2019/02/24/china-ev-forecast-50-ev-market-share-by-2025-part-2-consumer-demand/
Let’s summarise: Chinese middle class consumers are tech-forwards, and all vehicle ownership is relatively new. There are no positive cultural attachments or memories from childhood about fossil vehicles, they are widely understood to be polluting. Compared to Europe and the US, living density and alternative mobility options and preferences are very different in China. The city-based duty cycle of most private autos means that even modest-range EVs are already attractive and cost-effective for the vast majority of auto buyers. EVs also have inherent characteristics which are valued by middle class consumers, especially interior space and refinement.
Greater awareness of EVs amongst the urban middle-class car buyers, and greater awareness of their overall value advantage, is also powering the change. Autonomy, mobility services, and avoiding being on the wrong side of history are factors that may further speed the transition.
Given that the policy push for EVs in China is strong, and the consumer demand is also strong, the only remaining question is — how fast can China ramp up the production of EVs, and the batteries that power them?