Global new energy vehicle industry to accelerate development

At present, the development of the global new energy automobile industry is entering the fast lane, the research and development of new products and technologies are accelerated, and technological innovation drives the continuous upgrading of the industry. As an important force leading the transformation and upgrading of the global automobile industry, China actively participates in international cooperation in the field of new energy vehicles and contributes to the development of the new energy vehicle industry.

At the 2022 Paris International Auto Show held a few days ago, from electrification and hydrogen fuel to on-board technology and intelligent travel, nearly 100 enterprises in the field of new energy vehicles showed their latest products. Seizing the opportunity of new energy development has become the common choice of the world's well-known car companies. The analysis believes that the international community should continue to work together to accelerate the low-carbon transformation of the automobile industry and build a safer, stable, and win-win industrial ecology.

Rapid increase in market share

During the G20 leaders' Bali summit, SAIC GM Wuling launched the new energy vehicle Air ev as the official car of the summit to escort green travel. It is estimated that during the 12-day summit guarantee period, 300 Air ev can reduce carbon emissions by about 33 tons.

Air ev is the first Chinese new energy vehicle in the Indonesian market. It officially went offline in Indonesia's Wuling Automobile Industrial Park in August this year. Since its launch, orders have exceeded 4500 units, making it the highest-selling new energy vehicle in Indonesia in a single month. "Wuling will bring the latest products and technologies to Indonesia, which will promote the transformation of the whole Indonesian automobile industry chain from the aspects of product research and development, manufacturing and market, and lead the new concept of automobile travel in Indonesia," said elanga hartato, Minister of economic coordination of Indonesia."

With longer cruising range, more model selection, more innovative intelligent network and automatic driving functions, the market competitiveness of global new energy vehicles is constantly improving. According to statistics from the International Energy Agency, the global sales of electric vehicles in 2021 will be 6.6 million, a year-on-year increase of nearly double, accounting for 10% of all newly sold vehicles; in 2021, the number of electric vehicle models available for purchase on the market will exceed 5 in 2015. Times, there are currently about 450 electric vehicle models. The latest data from the CleanTechnica website shows that in September 2022, the number of new energy vehicles registered worldwide reached 1.04 million, an increase of 51% year-on-year. This is also the first time that this indicator has exceeded 1 million; from January to September, the cumulative global sales of electric vehicles exceeded 6.8 million. The market share reached 13%.

China's new energy vehicle industry has developed rapidly, and its production and sales have ranked first in the world for 7 consecutive years. According to the latest data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles reached 4.717 million and 4.567 million respectively in the first three quarters of 2022, up 120 percent and 110 percent year-on-year, with a market share of 23.5 percent. During the same period, China exported 389000 new energy vehicles, more than doubling year-on-year.

In the European market, affected by unfavorable factors such as inflation, energy crisis, and poor supply chain, car sales fell by 14% in the first half of this year, but sales of new energy vehicles in the same period were 1.12 million, a year-on-year increase of 8.7, and the market performed well. In the U.S. market, the ratio of electric vehicles to total vehicle sales increased from about 2.2 percent in the third quarter of 2020 to 6.1 percent in the third quarter of 2022. In South Korea, exports of new energy vehicles increased 42.3 per cent year-on-year to $4.047 billion in the third quarter, while imports increased 29.3 per cent year-on-year to $1.791 billion, a record high.

McKinsey, a consultancy, said: "The new energy vehicle industry has attracted more than $400 billion million in investment over the past decade. All of this money is targeted at companies and start-ups related to electric mobility, internet cars and autonomous driving technology." Reuters predicts that the world's major automakers will invest $1.2 trillion billion in electric vehicles by 2030.

Support for sustained policy

The report of the International Energy Agency points out that the rapid development of new energy vehicles benefits from a variety of factors, among which the continuous policy support of various countries is the main reason. With urgent climate goals, many countries are sending policy signals to strengthen green transportation. Statistics show that the global related subsidies and public incentives will be about $30 billion in 2021, doubling year-on-year.

The European Parliament recently passed the "carbon reduction 55" package, which stipulates that the sale of new fuel vehicles, including hybrid vehicles, will be stopped in the EU from 2035. Norway plans to stop selling fuel cars in 2025, becoming the first country to completely ban the sale of fuel cars. The French government recently announced that it will increase the subsidy for low-income families to purchase electric vehicles from 6000 euros to 7000 euros, and is also brewing an electric car rental subsidy program. In September, the Ministry of South Korea, Industry, Commerce and Resources held a round table on the strategy of the automobile industry and put forward a series of goals for the development of new energy vehicles, such as producing 3.3 million new energy vehicles by 2030, investing more than 95 trillion won (1 yuan is about 185.03 won) in the automobile industry from 2022 to 2026, and training 30000 future automobile professionals by 2030.

Emerging market countries are also increasing the promotion of new energy vehicles. The Thai government proposes that by 2025, vehicles purchased by government agencies and public fleets should be zero-emission vehicles, and 15% of new cars produced locally will be zero-emission vehicles; by 2030, 30% of new cars will be zero-emission vehicles; by 2035 All new cars will achieve zero emissions. The Indonesian government has proposed to speed up the process of electrification of official vehicles by central and local government departments, and increase the number of electric vehicles in government official vehicles to more than 100000 by the end of this year. The Ethiopian government announced that imported and assembled electric vehicles will be exempted from value-added tax, consumption tax and additional tax, and further reduce import duties.

The infrastructure construction of new energy vehicles in various countries is also continuing to follow up. As of August, China has built a total of 3.98 million charging piles and 1625 power stations, forming the world's largest charging and switching network. By the end of this year, China plans to achieve full coverage of basic charging services in expressway service areas except for high-cold and high-altitude areas; by the end of next year, qualified ordinary national and provincial trunk highway service areas (stations) can provide basic charging services.

The British government issued the "Electric Vehicle Infrastructure Strategy" in March, proposing to invest at least 1.6 billion pounds to expand the charging network, and plans to increase the number of electric vehicle charging stations tenfold to 300000 by 2030. The German government announced that it will continue to provide a subsidy of 5.5 billion million euros for the construction of electric vehicle charging infrastructure until 2024.

strengthen international exchange and cooperation

The International Energy Agency's latest "Global Electric Vehicle Outlook 2022" report stated that on the basis of adhering to the current climate policy, global electric vehicle sales will account for more than 30% of global vehicle sales in 2030. Despite the positive market outlook, there is still a gap with climate targets. "We urgently need to roll out state-of-the-art low-carbon transport solutions. Leverage the power of regional and international cooperation to drive global adoption of low-carbon transport initiatives." Said Achim Steiner, administrator of the United Nations Development Program.

The analysis points out that with the accelerated development of the global automobile industry towards electrification, intelligence and networking, it is necessary not only to carry out cross-border integration with new technologies, new materials, electronic power, advanced manufacturing and other fields, but also to strengthen technological innovation cooperation among countries to promote the coordinated development of the industrial chain and supply chain.

In April this year, the first overseas factory of Chinese enterprise Ningde era in Thuringia, Germany, officially obtained the 8 gigawatt-hour battery production license. Not long ago, Ningde Times announced that it would cooperate with Mercedes-Benz to build a second European factory in Hungary. Hegang Group and BMW Group signed an agreement to introduce "green steel" technology with lower carbon emissions into the automotive sector. The person in charge of the BMW Group said: "China is a hot spot to promote the ultra-large-scale application of emerging technologies. If a certain technology forms a scale in China, it can be applied on a large scale all over the world. We have witnessed this in the development of new energy vehicles."

From Europe to the Middle East and Latin America, China's new energy vehicles stand out in more and more countries and regions, not only promoting local energy conservation and emission reduction, but also providing opportunities for exchanges and mutual learning in the automotive industry. In Bogota, Colombia, 1480 BYD electric buses will be in operation by the end of this year, which means that 94300 tons of carbon dioxide will be reduced each year, equivalent to the annual emissions of 42000 private cars. Claudia Lopez, mayor of Bogota, said: "China's electric buses have made important contributions to the construction of a clean and sustainable Bogota and the modernization of local transportation." (People's Daily Overseas Edition)