a key year for new energy vehicle companies to gain a foothold

2024 is a key year for new energy vehicle companies to gain a foothold

Following the 2021 year-on-year production and sales growth of about 1.6 times, 2022 year-on-year production and sales growth of more than 90%, China's new energy vehicles delivered another beautiful report card. China Association of Automobile Manufacturers (CAAM) statistics, in 2023, China's automobile production and sales exceeded 30 million, of which new energy vehicle production and sales exceeded 9 million, accounting for more than 30%. Ouyang Minggao, academician of the Chinese Academy of Sciences, expects that in 2024 the market share of new energy vehicles is expected to increase by 5-10 percentage points year-on-year, reaching 36%-41%, and is expected to break through 40% under optimistic circumstances, and will be close to 50% in 2025, and more than 50% in 2026, occupying a dominant position in the automobile market.

In 2008, China first launched the new energy automobile industry development plan. more than 10 years, China's new energy automobile industry out of a high-quality development of China's road. According to statistics, in recent years, various departments have launched more than 70 support measures, and localities have introduced supporting policies in line with their own reality. For example, in terms of taxation, continue to reduce or waive the vehicle purchase tax for new energy vehicles; in terms of charging infrastructure construction, it is planned that by 2030, basically built a wide coverage, moderate scale, reasonable structure, perfect function of high-quality charging infrastructure system, which can strongly support the development of new energy automobile industry; in terms of promoting the consumption of new energy vehicles, the organization of the "Thousands of Counties and Ten Thousand Towns" is a new energy vehicle consumption season activity. In promoting the consumption of new energy vehicles, we will organize "thousands of counties and ten thousand towns" new energy vehicle consumption season activities, support the purchase and use of new energy vehicles in rural areas, and strengthen the service management of new energy vehicles in rural areas.