Recently, China's automotive market has undergone a sea change. In just two weeks from April 1 to 14, the sales volume of new energy vehicles has accounted for more than half of the entire passenger car market, reaching 50.19%.
This means that the sales of new energy vehicles have surpassed those of traditional fuel vehicles for the first time, marking that consumers who buy traditional fuel vehicles have become a minority. This change is not just a change in sales figures, it also represents a profound transformation of China's automotive market.
This remarkable market shift did not happen overnight. The rise of new energy vehicles in China can be said to have gone through a long period of preparation and development.
First of all, the government's support policies for new energy vehicles have played a great role in promoting. A series of measures, including tax exemptions and subsidies for car purchases, have greatly reduced the purchase cost of consumers.
The progress of new energy vehicle technology cannot be ignored, especially the DMI super hybrid technology launched by BYD, which has made a qualitative leap in the performance of new energy vehicles.
By 2023, BYD's hybrid models have achieved the same price as fuel vehicles, and by 2024, their prices will be even lower.
The advantage of these hybrids is not just economical. They also have the smooth acceleration and extremely low noise level of an electric vehicle, while solving the problem of range anxiety of electric vehicles.
Since 2021, the market share of new energy vehicles has risen sharply, not only because of technological progress and cost reduction, but also due to consumers' high recognition of environmental protection and new technologies.
Thanks to these factors, sales of new energy vehicles increased rapidly in the first few weeks of 2024, and finally reached a milestone in April, when the proportion of new energy vehicles accounted for more than 50% of sales, a figure based on the statistics of the passenger association.
The explosive news of this statistics is undoubtedly an important signal for the Chinese and global auto market. It not only shows the maturity of new energy vehicle technology and market, but also indicates the new direction of the future development of the automobile industry.
This is the beginning of a new era, an era of wider choice, greener and more efficient means of transportation. And for manufacturers and policymakers, it's a time to adapt and optimize their strategies to adapt to rapidly changing market demands.