Apr 24 2017
China is expected to Lead Electric Car Revolution
Auto industry is on the verge of many changes. Experts are saying that many changes that will happen in the next five years are more than the last fifty years. Electric cars have become the latest trends. It is not just the matter of profit, but survival.
With all the many changes China is also becoming global car market. US customers have their importance, but china has become a major car market.
Luxury car sales have also increased in china. Although, Chinese government has imposed tax on luxury cars, the market is booming.
Due to environmental issues, china is attracting towards electric cars. Last year Government of China proposed that by 2018, 8 percent of the total fleet should be made up of fuel efficient vehicles.
It is expected that china will lead the electric cars revolution in the upcoming years.