AutoBeta(AutoBeta.net)08/25 Report--

The latest ‍ figures show that from January to July this year, cumulative sales in the domestic passenger car market were 11.079 million, down 3.5 per cent from a year earlier. Among them, the cumulative sales of new energy vehicles in the domestic market was 2.733 million, an increase of 21.5% over the same period last year. Another set of data shows that from January to July this year, total domestic SUV sales were 4.77 million, of which 3.59 million were fuel vehicles, down 1.3 million compared with 2021. In a sense, the growth of new energy vehicles and the decline of traditional fuel vehicles reflect that new energy vehicles are gradually replacing the fuel vehicle market. At the same time, more and more fuel vehicles are transforming to the new energy vehicle market. The automobile industry is concerned that it is inevitable for new energy vehicles to replace fuel vehicles, and the fuel vehicle market will gradually decrease in the future, while the new energy market will show a trend of steady growth. However, it is not easy for new energy vehicles to replace fuel vehicles in a short period of time. Due to the imperfect layout of new energy vehicles, it may take a decade or even decades to complete the transition from traditional fuel vehicles to new energy vehicles.

With the strong growth of new energy vehicles, many car companies and countries have announced that they will stop selling fuel vehicles at home and around the world. On Aug. 24, an Australian bank announced plans to stop providing loans for new diesel and gasoline vehicles from 2025, in line with the global shift to electric vehicles, CCTV reported on Aug. 24. According to relevant statistics, electric vehicles currently account for only 2% of new car sales in Australia, less than 1% of the global average, so the Australian government plans to develop a national strategic plan to promote the popularity of electric vehicles and reduce carbon emissions.

On August 22, the Hainan provincial government issued the Hainan Provincial carbon Dafeng implementation Plan, which made it clear that the sale of fuel vehicles would be completely banned on the island by 2030. Except for special purposes, vehicles in the areas of public service and social operation in the province will be fully clean and energized, with 100% of new energy vehicles added and replaced in the field of private vehicles.

According to a previous report by CCTV Finance, on June 29, local time, after a long period of consultation and discussion, environment ministers of the 27 EU countries reached a consensus on a high-profile plan to ban the sale of fuel vehicles in the European Union. Agreed to ban the sale of fuel vehicles in the EU by 2035. It is believed that as the plan has been supported by the European Parliament, it is expected to be finalized in legal form after a consensus has been reached among EU member states.

In addition, Norway will ban the sale of conventional fuel vehicles in 2025; the Netherlands, California, Germany and India will ban the sale of conventional fuel vehicles in 2030; France and the United Kingdom will postpone the sale of traditional fuel vehicles for a decade to 2040. Among them, the British stop selling not only fuel vehicles, but also gas-electric hybrid cars.

At the level of automobile enterprises, according to the concerned statistics of the automobile industry, on April 3 this year, BYD took the lead in announcing its withdrawal from the fuel car market, becoming the first traditional car company in the world to stop the production of fuel vehicles. Li Qian, secretary of the board of directors of BYD, gave a detailed explanation when participating in the CCTV financial "financial interview" program. "on the one hand, because BYD is the global leader in new energy vehicles, BYD thinks it is time to concentrate on developing electric vehicles and lead the industry to a new level," Li said. The second reason is that BYD electric cars are completely in short supply, our production capacity is not enough, and we have to free up the production capacity of fuel vehicles for electric cars, so cutting fuel vehicles should be a very important strategic decision for the company. and it is of great help to the company in the short, medium and long term. Data show that the overall transformation of the new energy market BYD growth is particularly obvious, since BYD withdrew from the fuel vehicle market has repeatedly become the top retail sales of new energy manufacturers. According to the data, BYD's retail sales in July were 159000 vehicles, up 172.6% from a year earlier, surpassing FAW-Volkswagen at the top of the list.

On the evening of August 22, Great Wall announced that the Harvard brand had officially launched a new energy transformation and decided to formally stop selling fuel vehicles in 2030. Mu Feng, president of Great Wall Motor, said that this is the most determined step in the transformation of Great Wall Motor into new energy vehicles, marking the full implementation of Great Wall Automobile's new energy strategy, which is expected to account for 80 percent of Great Wall cars' new energy sales by 2025. The Harvard brand will officially stop selling fuel vehicles by 2030.

BAIC, Changan and Nissan will stop selling fuel vehicles in 2025; Mercedes-Benz and BMW will stop selling them in 2030; Volkswagen will stop selling them in the European market in 2035; Honda will stop selling them in 2040; Kia will stop selling them in the EU market in 2035; General Motors, Ford, Jaguar and Volvo have also announced that they will stop selling them in the future.

Since the implementation of new energy vehicles in China in 2008, new energy vehicles have developed rapidly. According to statistics, the sales of new energy vehicles in China were less than 20, 000 in 2013, but reached 1.367 million in 2020 and 3.5 million in 2021. According to the latest statistics of the Ministry of Public Security, by the first half of 2022, there were a total of 10.01 million new energy vehicles in the country. Ni Jun, chief manufacturing officer of Ningde Times, has made it clear that according to the plans of new energy vehicles issued by major countries and governments around the world, there will be no more fuel vehicles on the market by 2030 or 2035 at the latest.

According to the statistics of the China Automobile Association, in the first half of this year, the domestic production and sales of new energy vehicles were about 2.66 million and 2.6 million respectively, an increase of more than 120% over the same period last year, and the penetration rate has reached 21.6%. China's new energy vehicle sales account for 59% of the global new energy vehicle market. In the second quarter, China accounted for 60% of global sales of new energy vehicles. The latest data show that the Federation initially estimates that retail sales of narrow passenger cars in August will be about 1.88 million, an increase of 29.6 percent over the same period last year and 3.4 percent from the previous month. Retail sales of new energy vehicles are expected to be 520000, up 108.3 percent from the same period last year, up 7.0 percent from the previous month, and the penetration rate is 27.7 percent. The passenger Association expects that the overall domestic new energy vehicle market sales are expected to rise to 6.5 million units this year, while the China Automobile Association said that it still maintains an expectation of 5.5 million new energy vehicle sales for the whole year.

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