Chinese customers are enthusiastic about new energy cars, including electric models and plug-in hybrids, especially those with a longer range, according to a survey released by JD Power.
Polling 2,212 respondents from across the country, the market researcher found that 86 percent agreed that new energy cars will replace conventionally powered ones, and 95 percent said they would consider new energy cars when they purchase their next car.
Electrification and autonomous driving trends continue to dominate the headlines at the Beijing Auto Show this year.
Automakers are tagging along with China's triple digit growth in new energy vehicle sales. As car makers and tech companies pour billions of dollars into the market, when will it all pay off for the average motorist?
"In China, for China", a catchphrase among auto executives at the Beijing Motor Show 2018. With policies for wider access, there will be "more in China, for more of China".
China will phase out joint-venture restrictions for foreign automakers in five years, and import tariffs are set to be cut soon. When full ownership is no longer a no-go, the question is whether to go solo or expand partnerships.
The elimination of restrictions on foreign automakers in China may be seen as a major concession in the face of a possible trade war, but it will have little impact on foreign car manufacturers already operating in the country.
Since 1994, foreign automakers have had to form joint ventures with local partners if they want to produce vehicles in China.
After all restrictions are lifted in 2022, foreign automakers will be able to go solo.