"Battery quality, stability, charging time and tech services remain consumer concerns," [Chi Zhang] said. "For example, the Nielsen survey reveals that the current six-to-eight hours of full charging time far exceeds the 4.7 hours (or 20 minutes quick charge) preferred by consumers," Zhang added.
"On balance, we think battery technology development will help accelerate China's EV penetration in the next five years, given the extension of driving ranges and reduced costs, but we think challenges are likely to result in less robust EV growth than the government targets," Zhang said.
"The automotive industry is under intense pressure to lower emissions and increase fuel efficiency. Improved energy storage options will help make micro-hybrids the most cost-effective way to respond, along with ongoing improvements to lightweight materials," said Anthony Schiavo, associate at Lux Research and lead author of the report, entitled "Building the Car of 2025: How to Cost-Effectively Get to 54.5 MPG Using the Right Mix of Advanced Technologies".
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