According to statistics from TrendForce's TrendForce Industrial Research Institute, encouraged by government subsidy policies in various countries, new energy vehicles, including battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV), have maintained positive sales growth despite the overall auto market recession. Sales in 2020 are expected to reach 2.4 million units, a growth rate of 19.8% over 2019. TrendForce analyst Chen Hongyan pointed out that the main reason why new energy vehicles can still maintain growth in 2020 is the subsidy policies of various governments. In order to stimulate the domestic economy, China, Germany, Britain, France and other countries have launched car purchase subsidy programs, and the subsidy targets are mainly new energy vehicles with environmental protection as the main appeal. Among them, pure electric vehicles can get the highest subsidy amount. Under the circumstances that countries originally planned to implement new energy vehicle subsidies and gradually withdraw them year by year, the increase in subsidies instead of decrease is a major inducement for consumers, and the high subsidy amount provided by some countries is equivalent to offsetting the price difference between pure electric vehicles and fuel vehicles. From a regional market perspective, the support for the growth of new energy vehicle sales comes from Europe. Germany, the United Kingdom, and France are expected to sell a total of 630,000 new energy vehicles in 2020, with an annual growth rate of 163%. The Chinese market is expected to see a 6% annual growth in sales due to a significant rebound in sales at the end of the year. Looking ahead to 2021, China and Europe will continue to be the main regions driving the sales of new energy vehicles. China has adopted a number of policies to promote vehicle sales and the establishment of charging stations. Other measures, such as Shanghai's strict restrictions on foreign-licensed vehicles, and obtaining new energy license plates will not be subject to current regulations, all stimulate the sales of new energy vehicles in a point-driven manner. It is expected that the growth momentum of China's new energy vehicle sales will return to above the global average in 2021. Another major market driving the penetration of new energy vehicles is Europe, where subsidies are likely to continue until 2021. In addition, the new CO2 emission system will be 100% implemented in 2021, and those who do not comply will face huge fines. This will drive the development of the new energy vehicle market. In fact, in 2020, many car manufacturers circumvented penalties by purchasing "emission quotas" from new energy car manufacturers such as Tesla, but this is not a long-term solution. At the end of 2020, many electric vehicles were announced and launched. In 2021, car manufacturers will have more active plans. For consumers, it is no longer an asymmetric comparison between a small number of electric vehicles and fuel vehicles, but they can choose from a variety of electric vehicles of the same level. Looking at the sales performance of new energy vehicles in 2020, Tesla almost dominated the sales in all regions alone. In 2021, the Shanghai factory will start delivering Model Y, which is expected to set off another trend. In addition, all mainstream car series will launch electric vehicles. 2021 will be a busy year for the new energy vehicle market. It is expected that global sales in 2021 will reach 3.4 million vehicles, with an annual growth rate of 39.7%, returning to the fast lane of growth. The vigorous development of the new energy vehicle market will also drive growth opportunities for various component supply chains of electric vehicles and charging stations. |
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