In 2020, we set a goal to achieve a penetration rate of more than 50% of new energy vehicles by 2035, at that time, many people thought that this goal may be a bit high, but I am afraid that it will not be completed, after all, the European and American automobile industry is ahead of China for more than 100 years, and China wants to exceed it in just 15 years, but I am afraid that it is a little difficult.
In addition, the development of new energy vehicles was indeed unsatisfactory at that time, because from 2005 to 2015, for a full 10 years, the penetration rate of domestic new energy vehicles only reached 1%, and then from 2016 to 2019, the penetration rate only increased from 1% to 5%, how difficult.
So at the pace of development at that time, the goal of 50% penetration by 2035 seems really ambitious.
According to the data released by the Passenger Association, in the first half of April 2024, the retail penetration rate of new energy vehicles has reached 50.39%.
This means that from 2019 to 2024, in just 5 years, the penetration rate has increased tenfold (from 5% to 50%), and we have achieved our goal 11 years ahead of schedule.
Behind the realization of this goal is the frustration of fuel vehicles. As shown in the figure above, this is the top 10 of the sales ranking list of domestic car companies in March, and it can be seen that the terminal sales of joint venture fuel vehicles are a big rout, and the former Japanese, German, Korean, and American brands are no longer in the limelight.
Among the Japanese series, only FAW Toyota entered the top 10 in sales, ranking ninth, the Korean system disappeared, the French system disappeared, and more domestic brands on the list, BYD ranked first, Geely Automobile ranked 3rd, Chang Arrangement ranked 4th, and Chery ranked 6th......
Looking at the sales volume of the domestic new energy vehicle market in March, we can believe that the car market has indeed changed, new energy vehicles have become the mainstream of the market, and the sales of new energy vehicles, whether it is year-on-year or month-on-month, are a substantial increase, and BYD is a unique ride.
Basically, it can be considered that China's automobile market has fully entered the era of new energy, entered the era of independent brands, and it is a foregone conclusion that new energy will replace fuel, and the days of fuel vehicles will become more and more difficult.
On the one hand, it is the tireless efforts of domestic car companies, such as BYD, as the earliest participant and promoter of the new energy automobile industry, insisted on this road for 20 years before ushering in today's rapid development, even if the car was questioned and opposed by all walks of life at the beginning of the car, BYD still firmly entered the "no man's land" of new energy vehicles, and always insisted on technological innovation.
Up to now, BYD has 11 research institutes, more than 90,000 R&D personnel, and a total R&D investment of more than 100 billion.
On the other hand, it is the rise of the domestic new energy vehicle supply chain, the core of new energy vehicles, whether it is the three-electric system, or the intelligent cockpit system, or automatic driving technology, China is all the world's leading.
Domestic new energy vehicles, with their advanced technology, unique design and excellent performance, their power, quietness, intelligence and other aspects have also surpassed traditional fuel vehicles.
These innovative products and technologies also announce to the world the rapid development of Chinese auto brands driven by technology and the rise of Chinese auto brands on the global stage.
It is certain that once the penetration rate exceeds 50%, then the entire market will be quickly subverted, new energy vehicles will replace fuel vehicles at a very fast speed to become the mainstream of the market, China's automobile industry from the once "backward for a hundred years", into today's "leading the world"!