IDC: China’s New Energy Vehicle Market Poised to Boom
China’s new energy vehicle (NEV) market is poised for a boom over the next five years. IDC predicts that sales of NEVs in 2020 will reach 1.16 million units, and will continue to grow rapidly in the next two years thanks to government support.
IDC expects the sales of NEVs to reach 5.42 million units by 2025, and battery electric vehicle…