Analysis of the Development of New Energy Vehicles in China

The inevitable choice of energy saving and environmental protection

The ever-increasing energy crisis and environmental pressure have made new energy vehicles an inevitable development of the industry, and it is particularly important for China, a country with little oil resources.

Reducing the energy consumption of petroleum is the "energy saving" of new energy vehicles. From the viewpoint of oil energy consumption, the value of various oil energy consumptions of new energy vehicles using natural gas, electricity, and bio-energy is small, and advancing the development of these types of new energy vehicles has certain significance for reducing oil dependence.

From the comprehensive comparison of various types of automobiles, the current comprehensive advantages of hybrid vehicles are obvious, and they can achieve the goal of energy conservation and emission reduction in the case of minor improvements to existing automotive technologies; instead, alternatives to flexible fuels, CNG, and LPG are available. The advantages of energy vehicles are reflected in fuel costs and emission quality, but they will still be limited by energy. Their promotion will still be constrained by different resource endowments in different countries. The main factors that hinder the development of pure electric vehicles and fuel cell vehicles are technology and cost. problem.

Policy support boosts industrialization

The country actively implements the new energy vehicle strategy and a number of policies promote the development of the industry. China's new energy automotive industry is still in its early stages, and policy support will promote the development of new energy vehicles and related parts and components industries into self-development.

The rules for the revitalization of the automobile industry clearly stated: “To transform existing production capacity, to form new energy vehicle production capacity of 500,000 pure electric vehicles, rechargeable hybrid vehicles, and ordinary hybrid vehicles by 2010, sales of new energy vehicles accounted for sales of passenger cars. About 5% of the total amount, "Start the national energy-saving and new-energy vehicle demonstration project, and the central government will allocate funds to provide subsidies." The central government will focus on the purchase of energy-saving and new hybrid vehicles, pure electric vehicles, and fuel cells in 13 pilot cities (Beijing, Shanghai, Chongqing, Changchun, Dalian, Hangzhou, Jinan, Wuhan, Shenzhen, Hefei, Changsha, Kunming and Nanchang). Energy vehicles are given a one-time quota.

The relevant policy support and subsidy intensity of new energy vehicles are relatively large, which reflects the country’s determination and efforts to implement the new energy vehicle strategy, which is conducive to the introduction and development of the new energy automobile market, and will play a positive role in promoting the new energy industry. The new energy automobile and its key components industry will grow rapidly under the support of relevant national policies and will drive related investment opportunities.