The New Energy Vehicle Market Has Soared, With Many Indicators Hitting A Record High

Aug 29, 2023

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Li Chunlin, deputy director of the National Development and Reform Commission, said at a regular policy briefing of The State Council on the afternoon of 31 that by the end of June this year, the number of new energy vehicles in the country had exceeded 16.2 million. New energy vehicle production and sales, market share and ownership have reached a record high. Li Chunlin said in response to a reporter's question that in the first half of this year, China's auto production and sales were 13.248 million and 13.239 million, an increase of 9.3 percent and 9.8 percent respectively. In the first quarter of the car production and sales decline, the second quarter of the car production and sales significantly recovered. Among them, new energy vehicles have become the biggest highlight.

In terms of production and sales, the production and sales of new energy vehicles in the the first half of this year reached 3.788 million and 3.747 million, відповідно, with year-to-year growth of 42.4 percent and 44.1 percent . in terms of market share, sales of new energy vehicles have accounted for 28.3 percent of all automobile sales, nearly 30 percent , an increase of 2.7 percentage points compared with 2022. As for the ownership, at the end of june this year, the number of new energy vehicles in the country exceed 16.2 млн. The production and sales, market share and ownership of new energy vehicles all reached a record high.

Li Chunlin pointed out that the the нещодавні meeting of the the Politic Bureau of the the Central Committee stressed the need to consolidate and expand the development advantages of new energy vehicles. the executive meeting of the State Council also made important arrangements for the development of the new energy automobile industry. At present, a series of policy measures on the demand and development of new energy vehicles have been issued, such as the "Implementation Opinions on Accelerating the construction of charging infrastructure to Better Support New energy Vehicles to the countryside and Rural Revitalization" and "Guidance on Next Building a high-quality charging infrastructure system" and other policy documents have been released. At the same time, it also continued and optimized the purchase tax reduction and exemption policy for new energy vehicles, creating a good policy and market environment for new energy vehicle споживання.

"We will study and optimize more popular and inclusive support policies to better meet the multi-level and diversified consumer need of the people and promotion the high-quality development of related industries," Li Chunlin said. He believes that whether it is automobile demand or other consumer demand 2c supply-side structural reform is the top priority. Тільки до адаптуватися до змін в попит і створити новий попит, пропозицію сторону робить не реформ, продукцію вироблено є не придатний для ринку, і люди будуть не купувати їх.

For the purchase tax reduction and exemption policy of new energy vehicles, Li Chunlin said that it will be continued and optimized, and proposed that the vehicle purchase tax will be exempted by the end of 2025; By 2026 and 2027, the levy will be halved. In addition, recent policies have been introduced to encourage the consumption of new energy vehicles.

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