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In April, the penetration rate of new energy vehicles exceeded 50%, why are trams suddenly so vigorous?

author:Blame Rokop

According to the data of the Passenger Association, in the first half of April, the retail penetration rate of new energy passenger vehicles in China exceeded 50%, reaching 50.39%, which is the first time that the penetration rate of new energy passenger vehicles exceeded that of fuel vehicles, which means that in the first half of April, more than one in every two car buyers purchased new energy vehicles.

As we all know, our country has been promoting the development of new energy vehicles and is an advocate of new energy vehicles in the world.

But even so, four years ago, no one would have believed that the watershed of more than half of the penetration rate of new energy vehicles would occur this year, because in 2020 China had just set a target of more than 50% penetration of new energy vehicles by 2035 - this year (2020) the penetration rate of new energy vehicles was less than 14%.

In April, the penetration rate of new energy vehicles exceeded 50%, why are trams suddenly so vigorous?

But having said that, as early as March this year, BYD, the absolute "leading leader" of China's new energy vehicle brands, and its president Wang Chuanfu had predicted that the penetration rate of new energy vehicles would exceed 50% in the next three months.

So why is China's new energy vehicles suddenly growing so fast?

I am also thinking about this issue personally, I have consulted some information, summarized a few points, and I am also welcome to add.

The first point is that after so many years of development, new energy vehicles have been making breakthroughs in technology, and they have not lost fuel in all aspects

Cars, even better than fuel vehicles - such as power, quietness, etc., and new energy vehicles are also more prominent in intelligence.

The way modern consumers shop and think has changed a lot from before, the most obvious of which is that people will pay more attention to the real quality of goods rather than pursuing brands.

Moreover, the new energy vehicles that do well are basically Chinese brands - new energy car companies like BYD have been promoting Chinese culture on their own cars, can they not be loved?

Coupled with the support of the state, it is natural that everyone is more willing to choose new energy vehicles.

In April, the penetration rate of new energy vehicles exceeded 50%, why are trams suddenly so vigorous?

Second, the support of the state is not simply subsidies and unlimited travel, and the most important thing is the construction of the charging network.

I don't know if you have heard of the three mountains of new energy vehicles - "short battery life, slow charging, and difficult energy replenishment", because I have been paying attention to the development of new energy vehicles, so I am really impressed by the three pain points of new energy vehicles.

In recent years, everyone has rarely heard of new energy vehicles and these three mountains, the first two (short battery life and slow charging) can be gradually improved through technological upgrades, so with the passage of time will definitely not be discussed, but "difficult to resupply", without the support of the state is really not good.

Now it can be said that it is not difficult to resend new energy vehicles, because the charging network is already quite dense, shopping malls, hotels can be charged at any time, and even villages have charging piles covered, which is more convenient than refueling.

The improvement of the charging network will definitely allow more people to choose new energy vehicles, after all, charging is cheaper than refueling.

In April, the penetration rate of new energy vehicles exceeded 50%, why are trams suddenly so vigorous?

Third, this growth is certainly exponential.

Many people may not know that in the entire decade from 2005 to 2015, the penetration rate of new energy vehicles only exceeded 1%, and in 2022, it will only exceed 14%, but this year it has directly reached more than 50%.

A successful new thing usually grows in this way, because the new thing requires a lot of cost investment in the early stage - so the early growth is slow, and the new thing tends to be more malleable than the old thing - the later growth is fast.

Take new energy vehicles and fuel vehicles as an example, new energy is a new power model, its early education, infrastructure laying, etc. require a lot of time and cost, on the other hand, fuel vehicles to make a breakthrough has been very difficult, and new energy vehicles even now still have a lot of room for breakthrough.

Therefore, the later it is, the higher the recognition of everyone, and the more fierce the growth will be.

At this point in time, the penetration rate will usher in more than 50%, coupled with the increase in the instability of oil prices in the future, perhaps it is a foregone conclusion that new energy will replace fuel oil!

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