Recently, according to data released by European countries, the sales of new energy vehicles in eight major European countries including Germany, France, and the United Kingdom exceeded 99,500 units in July, a year-on-year increase of 214%. Among them, sales in Germany, France, and the United Kingdom were respectively 35,900 vehicles, 17 million vehicles and 15,600 vehicles, representing a year-on-year increase of 289%, 298% and 286%.
While the sales of new energy vehicles in European countries are eye-catching, the penetration rate has also increased . Data show that the penetration rate of new energy vehicles in Germany reached 11.4%, a record high, with a year-on-year increase of 8.6% and a month-on-month increase of 2.8%. The penetration rates of new energy vehicles in France and the United Kingdom followed closely by 9.48% and 8.93%; a year-on-year increase of 7% and 6.4%.
It is worth noting that the penetration rate of new energy vehicles in Norway in July rose by 20.2% to 68.42%, which is currently the only country in Europe that exceeds 50%.
Compared with the increase in sales of new energy vehicles, the overall European car market appears to be somewhat sluggish . It is understood that after the European Union, the United Kingdom and the European Free Trade Association (EFTA) countries’ new car registrations plummeted by 56.8% in May, they continued to fall by 24.1% in June.
There is a general market view that new energy vehicles in Europe have grown against the trend. The main reason is that the EU has implemented the most stringent automotive carbon emission standards in 2020 , setting passenger car carbon emissions to reach 95, 80.8, and 59.4g in 2021, 2025, and 2030, respectively. The temporary goal of km. Among them, 2020 is a transitional period, 95% of new cars need to meet the carbon emission requirement of 95g/km, and after 2021, 100% must meet the requirement.
In fact, after the EU proposed the 2020/2021 target as early as 2014, the average carbon emissions of passenger cars in Europe dropped from 127g/km in 2013 to a low point of 118.1g/km in 2016, but then increased for three consecutive years. In 2019, it increased 1.66% year-on-year to 122.4g/km.
At present, there are only two years left, but as a whole, there is still a big gap from the carbon emission requirement of 95g/km.
European countries have made every effort to reduce carbon emissions. In order to further urge companies to meet the standards, the European Union has adopted a severe fines system, imposing a fine of 95 Euros/g for each vehicle that exceeds the carbon emission standards, in an attempt to restrict the production of car companies.
At the same time, European countries continue to increase their policies, adding new incentive policies for new energy vehicles on the basis of the original policies, including reductions and exemptions of purchase tax, registration tax, ownership tax, corporate tax, etc. and other subsidies.
Among them, France has decided to extend the purchase subsidy until 2022 and increase the total subsidy budget from 260 million euros in 2019 to 44, 4, and 340 million euros in 2020, 2021, and 2022. The new energy vehicle sales target is to increase by 5 times in 2022 compared with 2017, that is, the sales volume in 2022 will reach 184,000.
In this regard, many institutions predict that the European market has no worries about the sales of new energy vehicles throughout the year. Among them, Essence Securities pointed out that the annual sales of new energy vehicles in Europe is expected to exceed 1 million. As of July, the sales of new energy vehicles in the eight European countries reached 447,400, and the number of new energy vehicle registrations in European countries must continue to maintain a high growth trend, or a breakthrough may be expected.
At the same time, regarding the state of China’s new energy vehicle market, relevant industry insiders said that under the epidemic, the penetration rate in Europe increased against the trend. From January to April, the penetration rate of new energy vehicles in the European market reached 6.3%. The car penetration rate is above 10%, which is much higher than that of China and the United States. In contrast, the penetration rate of new energy vehicles in China is less than 5%.
In addition, since the new energy subsidy declined sharply in June 2019 and the new energy policy was implemented, the new energy vehicle market has experienced a 12-month continuous decline in sales.
According to data from the Passenger Association, China’s narrow passenger vehicle sales from January to June 2020 were 1.661 million, a year-on-year decrease of 5.9% and a month-on-month increase of 3.3%; cumulative sales from January to June were 771.2, a year-on-year decrease of 22.5%. Among them, the sales of new energy vehicles from January to June were 313,000 units, a year-on-year decrease of 44.0%.
Obviously, compared to the overall decline in the industry, the decline in sales of new energy vehicles is nearly twice that of the overall decline.
However, the newly revised regulations on the entry of new energy vehicles seem to have injected a bit of vitality into the new energy vehicle market. The main contents of this revision include: deleting the requirements for “design and development capabilities” for new energy vehicle manufacturers’ access; adjusting the time for new energy vehicle manufacturers to stop production from 12 months to 24 months; deleting related new energy Temporary provisions for the transition period for automobile manufacturers to apply for access.
In general, the new regulations have lowered the threshold for the production and access of new energy vehicles, but strengthened supervision in the event. “Reducing the barriers to entry and reducing the constraints on new entrants does not mean that the technical threshold of the automotive industry is lowered, but it means that the focus of the review has changed, focusing on production capacity, quality and consistency control capabilities, after-sales, and safety. Quality capability.” said Cui Dongshu, secretary general of the Passenger Car Market Information Joint Council.
In addition, the newly issued “Report on the Implementation of Fiscal Policy in the First Half of 2020”. The report clearly stated that it will continue to adhere to the new energy vehicle purchase tax exemption policy until 2022, while continuing to support the second-hand vehicle value-added tax reduction policy. It also brings benefits to the new energy vehicle market.
At present, there are already new energy automobile companies such as BYD, Jianghuai, Weilai, Xiaopeng, and Tesla in the market, and the initial market structure has been formed. Previously, following the ideal car that had just held the Nasdaq listing ceremony, Xiaopeng Motors also submitted a prospectus and will be listed for trading on the New York Stock Exchange. As a rising star, Evergrande Motor Co., Ltd. has launched six new energy vehicles at one time. Earn enough eyeballs.
Regarding the market situation in the second half of the year, Cui Dongshu pointed out that the consumption environment of the new energy vehicle market in the second half of the year has improved compared with the first half, which will drive the sales of new energy vehicles in the second half of the year to achieve high growth compared with the second quarter. The sales in the second quarter are similar to the second half of last year. New energy vehicles will inevitably achieve high growth of more than double digits year-on-year.
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