Tramway News: At the "2022 China Auto Market Development Forecast Summit" held recently, the China Automobile Association predicted that the total sales of China's automobiles in 2022 will be 27.5 million units, an increase of 5.4% year-on-year, of which the sales of new energy vehicles will be 5 million units, an increase of 47% year-on-year.
According to data from the China Automobile Association, from January to November this year, the production and sales of new energy vehicles in China reached 3.023 million units and 2.99 million units respectively, an increase of 1.7 times year-on-year. Among them, in November, the production and sales of new energy vehicles in China reached 457,000 units and 450,000 units, respectively, an increase of 1.3 times and 1.2 times year-on-year, respectively, and continued to set new records.
The high growth of new energy vehicles has realized its substitution effect on traditional fuel vehicles, and further promoted the pace of transformation of the automobile industry to new energy. From January to November, the cumulative sales penetration rate of new energy vehicles in China increased to 12.7%. Among them, the domestic new energy vehicle market penetration rate was 17.8% in November, which continued to be higher than that of the previous month, and the market penetration rate of new energy passenger vehicles reached 19.5%.
In the "New Energy Vehicle Industry Development Plan (2021-2035)" issued by the State Council, the target requirement for new energy vehicles is to reach 20% of the total sales volume of new vehicles by 2025, according to the current growth trend of new energy vehicles, this goal is likely to be achieved in 2023.
Talking about the development of China's auto market in 2022, Chen Shihua, deputy secretary-general of the China Automobile Association, believes that overall, China's auto market will maintain a moderate growth trend in the future. From the perspective of long-term development, the current Chinese market is still in the transition stage from the early stage of popularization to the late stage of popularization, and the sales of new cars have gradually shifted from the incremental market to the stock market.
He said that although China's automobile market fluctuated in 2018, throughout history, the developed countries of automobiles have also fluctuated for about 2-4 years in the popularization stage. Judging by this law, the production and sales of China's automobile market are currently at the end of short-term adjustment and will maintain a moderate growth trend in the future.
According to caucus forecasts, China's total automobile sales in 2021 will be 26.1 million units, an increase of 3.1% year-on-year. Among them, passenger car sales were 21.3 million units, up 5.6% year-on-year; commercial vehicle sales were 4.8 million units, down 6.4% year-on-year; and new energy vehicle sales were 3.4 million units, up 1.5 times year-on-year. In 2022, China's total automobile sales were 27.5 million units, an increase of 5.4% year-on-year, of which passenger car sales were 23 million units, an increase of 8% year-on-year; commercial vehicle sales were 4.5 million units, down 6% year-on-year; and new energy vehicle sales were 5 million units, an increase of 47% year-on-year.
According to the China Automobile Association, on the whole, during the "14th Five-Year Plan" period, factors such as macroeconomic recovery, the improvement of the economic situation of middle and low-income groups, and policy support at the national policy level will promote the good development of China's auto market. In 2025, China's auto market is expected to reach about 30 million vehicles.