● In 2020, China’s new energy vehicle subsidies have been fully retired for less than one year. The industry believes that the pattern of China’s new energy vehicle market is accelerating and entering the transition period and phase-out period.
● According to the statistics of the Ministry of Public Security, as of the end of 2018, the number of car ownership in the country reached 240 million; the number of new energy vehicles in the country reached 2.61 million, an increase of 1.07 million compared with 2017, an increase of 70.00%, showing an accelerating growth trend. . It is reported that China's new energy vehicle market was firm in the first quarter of this year. From January to March, the production and sales volume of new energy vehicles reached 304,000 and 299,000 respectively, an increase of 102.7% and 109.7% over the same period of the previous year. Among them, the production and sales of pure electric vehicles completed 226,000 and 227,000, an increase of 109.3% and 121.4% over the same period of the previous year; the production and sales of plug-in hybrid vehicles completed 78,000 and 72,000, respectively, an increase of 85.2% and 79.1%.
● At present, the growth of new energy vehicles in China is mainly concentrated in the areas where government procurement decisions are large, such as logistics vehicles, sanitation vehicles, official vehicles and other public areas, but the acceptance of new energy vehicles by private consumers is gradually increasing. With the increasing use of new energy vehicles, the recycling of new energy vehicles has become a hot spot in the industry. In the next few years, it will usher in a "ticketing tide".