
China: 59% of World’s New Energy Vehicles in Q1, says Cui Dongshu

According to the news on May 2, Cui Dongshu, secretary-general of the Passenger Passenger Association, issued a message through his personal WeChat public account that the trend of new energy vehicles in the world will be relatively stable in 2023.
The sales volume of generalized new energy vehicles from January to March 2023 will be 3.7 million units, of which hybrid vehicles Reached 1.09 million units, accounting for 30%.
Affected by the high base and the gradual withdrawal of subsidy policies in various countries, the trend of new energy passenger vehicles in the world will be strong in 2023.
From January to March, the number of new energy passenger vehicles reached 2.55 million units, a year-on-year increase of 26%.
According to his article, commercial vehicles account for only 3% of the world’s new energy vehicles, with new energy passenger vehicles as the main body.
From January to March 2023, China’s new energy passenger vehicles accounted for 59% of the world’s new energy, which is a good performance.
In 2023, China’s export of new energy vehicles will be super strong, which is also because China’s industrial chain is strong, forming a strong domestic market and double growth of exports.
The article also stated that the penetration rate of new energy vehicles in the world has generally shown a rapid increase trend.
It has reached 17% in the fourth quarter of 2022 and 13% in the first quarter of 2023. Among them, the penetration rate of new energy vehicles in China will reach 25%, Germany will reach 18%, and Norway will reach 18%.
Reached 71%, only 8.8% in the United States, and only 3% in Japan, so the imbalance in the development of new energy in the world is extremely obvious.
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