China's Performance in the World's Share of New.

Tag: China, New Energy Vehicles, World's Market Share, 2022 Trend

      In 2022, the world's new energy passenger car trend is stronger, reaching 4.21 million units from January to June, an increase of 71% year-on-year. Among them, 880,000 units were sold in June, up 46% year-on-year; there are 100,000 commercial vehicles in the world's new energy vehicles, with new energy passenger cars as the mainstay.

It is understood that in the first half of 2022, China's new energy passenger cars accounted for 59% of the world's new energy share, Europe is the second largest market, with a market share of 26%. China's new energy share of the world's first, mainly because of better security of supply and strong demand for domestic new energy vehicles, while Europe's traditional and new energy vehicle production and sales are low. At the same time, China's new energy vehicle market turned to market driven, forming a strong endogenous growth momentum, thus driving the world's incremental growth.

Reviewing the global new energy vehicle sales in the past decade, the growth rate is getting faster. 1.58 million new energy vehicles in the world in the broad sense in 2012, and only 1.79 million in 2015, with slow growth; with the accelerated development of new energy vehicles starting in 2016, the broad new energy vehicles exceeded 2 million in 2016; reached 3.17 million in 2017; exceeded 4 million in 2018; 2020 Reach 5.15 million; 2021 annual new energy vehicles 9.77 million; 2022 January-June sales of new energy vehicles in the broad sense of 6.19 million. Among them, hybrid power reaches 1.83 million units, accounting for 30%.

From the power form, the development of new energy vehicles in the world started from hybrid, then gradually entered the era of battery-based, pure electric and plug-in hybrid become the real main force of new energy policy support. The development of new energy vehicles in China also began with the subsidy process to support the common hybrid for public transport trucks. Then buses entered the pure electric era and hybrid buses became history.

By analyzing the trend of new energy passenger car market around the world, China's 3.31 million passenger cars in 2021, surpassing Europe's 2.18 million and North America's 0.7 million, China has a clear advantage. China's January-June 2022 sales of 2.51 million vehicles, including 2.34 million passenger cars, are several times more than Europe's 1.09 million and North America's 500,000, giving China a clear advantage.

As new energy vehicles are developing at a faster than expected rate globally, China will give birth to world-class new energy vehicle brands in the future. Industry insiders predict that global new energy vehicle sales are expected to exceed 10 million units for the first time this year, with the Chinese market likely to reach around 5-6 million units. At the same time, the new energy vehicle market is gradually entering the model-driven era, and this year there have been many new new energy vehicle models launched one after another, and these new models may become the core driving factor in the second half of this year.