New energy vehicles are the general trend of development, driven by national policies, new energy vehicles have achieved results that cannot be ignored in recent years, and are gradually shaking the market share of fuel vehicles, and the penetration rate has been significantly improved.
According to the data released by the Association of Passenger Vehicles, the sales of new energy vehicles in 2021 will be 2.989 million units, an increase of 169.1% year-on-year, and the penetration rate will be 14.8%, and the Association estimates that the sales of new energy vehicles in 2022 are expected to exceed 6 million units, and the penetration rate will increase to about 22%.
It can be seen that new energy vehicles have entered the mainstream of the market, and the market share in the future will continue to increase until it surpasses fuel vehicles in terms of market scale, and I believe that in a few years, the sales of new energy vehicles will surpass fuel vehicles.
The reason why the author believes that the sales of new energy vehicles will surpass fuel vehicles is because major car companies have made every preparation to completely stop production of fuel vehicles.
First of all, on April 3, BYD officially announced that it will stop the production of fuel vehicles from March 2022 and will focus on pure electric and plug-in hybrid vehicles in the future, becoming the first company in the world to announce the complete suspension of fuel vehicles.
In addition to BYD, many car companies are ready, including Changan Automobile, BAIC Group, and Nissan Motor, all of which have announced plans to fully stop selling traditional fuel vehicles after 2025.
Then mercedes-Benz previously planned to achieve pure electric and plug-in hybrid model sales accounted for 50% of total sales in 2025, and stop selling fuel vehicles by 2030, and Toyota also said that it will stop selling fuel vehicles in China in 2030.
There is no doubt that the suspension of fuel vehicles by car companies has become the mainstream trend, and as the world's first company to stop production of fuel vehicles, BYD has long become the leader of China's new energy automobile industry.
According to the data released by the Association of Automobile Manufacturers, the retail sales volume of BYD new energy vehicles in 2021 was 584,020 units, an increase of 221.3% year-on-year, and this growth trend also continued to this year.
According to the data from January to March 2022, BYD's retail sales volume was 287363 vehicles, an increase of 182.8% year-on-year, ranking fifth in the domestic automobile market with a share of 5.8%, while the retail sales of the top four car companies are declining, but BYD has increased brightly.
BYD's achievements further show that the general trend of fuel vehicles has gone, and the future has firmly established the direction of new energy vehicles, which is the mainstream of the times.
It is worth mentioning that after BYD announced the full suspension of production of fuel vehicles, corporate profits have also ushered in a sharp rise, and BYD recently released a 2022 Q1 quarter performance forecast, which is expected to make a profit of 650 million to 950 million yuan, an increase of 174% -300% year-on-year.
That is to say, in the first quarter of this year, BYD's profit increased by 3 times year-on-year, the market size continued to increase, and it firmly and boldly cut off the fuel vehicle business, which made BYD's profit reach a new height.
BYD made it clear that in the first quarter of this year, the new energy automobile industry as a whole continued the momentum of rapid growth, sales volume hit a record high, the market share continued to rise, driving a significant improvement in profitability, and to a certain extent hedging the profit pressure brought about by the rise in raw material prices.
The author firmly believes that UNDERD's focus on pure electric and plug-in hybrid vehicle business will be able to achieve more brilliant results in the future. What do you think about this, welcome to comment, like, share.