Government Initiatives Biggest Driver for Electric Vehicle Charging Stations

London, UK - June 29, 2011 -- Research conducted by Technavio reveals, that the Chinese Electric Vehicle Charging Station market is expected to grow rapidly. The report, which focuses exclusively on China indicates, that the market is currently driven by the various green initiatives under taken by the government to promote the use of electric vehicles.

“China, the largest automobile market in the world, has been witnessing increased pollution. As a result, the government has been promoting electric vehicles by providing grants and subsidies. This in turn has been driving the growth of electric vehicle charging stations,” reports Technavio analyst.

In spite of the need, the lack of standards and infrastructure hinder the growth of this market. However, the scarcity of oil reserves is another factor that will drive growth in this market.

The Electric Vehicle Charging Station market is marked by several energy companies entering the charging station segment. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, Chinese Electric Vehicle Charging Station Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis.

Companies mentioned in this report include: NARI, XJ Electric, Rongxin Power Electronic and Henan Senyuan Electric.

For more information please visit http://www.technavio.com/content/chinese-electric-vehicle-charging-station-market-2010-2014 or email enquiry@technavio.com.

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This release was published on openPR.