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Concern | The electric vehicle industry enters a critical period of growth
Oct 20, 2018

Recently, the "2018 China Automotive Industry Development Report" jointly published by the Industrial Economic Research Department of the Development Research Center of the State Council, the China Automotive Engineering Society and the Volkswagen Group (China) was released.  The report pointed out that in China, the development of new energy vehicle industry has risen to a national strategy, the scale of new energy vehicle market has expanded rapidly, and industrial development has entered a critical stage of transition from the introduction period to the growth stage.

 

"From a global perspective, the global automotive industry is undergoing major changes in electrification, intelligence and sharing." Fu Yuwu, honorary chairman of the China Automotive Engineering Society, said that under the major strategic opportunities, China's new energy vehicle industry has achieved The exciting achievements, while the transition of the industry from the “subsidy era” to the “post-subsidy era” also face major challenges such as market cultivation and industrial competitiveness.  Overall, the new energy vehicle industry is in a critical phase of transition from the introduction period to the growth period.  If we go against the current and do not advance, we must work together to promote the sustainable and high-quality development of China's new energy automobile industry.

 

From hundreds of thousands in 2014 to sales of 1.6 million this year, the global automotive market is undergoing a revolution.  Due to the increasing global energy shortage, environmental pollution and driving safety challenges, the global automotive industry is developing towards electricization, intelligence, networking and sharing.  Automakers Volkswagen, Daimler, Nissan, Volvo and other global automakers are planning to phase out traditional fuel vehicles over the next 10 years.  It is estimated that by 2022, the model number of electric vehicles will increase from 155 at the end of 2017 to 289.

 

The report takes the new wave of the global automotive industry as the starting point, focusing on the new ideas and new measures for the development of China's new energy vehicles in the “post-subsidy era”, and proposes to adhere to the overall policy objectives of energy conservation, environmental protection and industrial upgrading at this critical time. The market is the mainstay and the policies are supplemented, and the policies are connected in an orderly manner, and the stability, coherence and predictability of a certain period of time are maintained.  Encourage the industry to grasp the new opportunities for the development of the fuel cell vehicle industry in the context of the hydrogen economy.  The report also pointed out that in the future, with the large-scale popularization of new energy vehicles, the integration of new energy vehicles with resources, energy, transportation and future cities is imperative.

 

In this regard, Long Guoqiang, deputy director of the Development Research Center of the State Council, pointed out that standing in a new historical position, further grasping opportunities and taking advantage of the momentum to achieve high-quality development of the new energy automobile industry is crucial to enhancing the international competitiveness of the automotive industry. It is also crucial to achieve coordinated and efficient development of urban transportation, energy resources and the environment.

After years of development, China's electric vehicle industry has occupied a very important position in the international market.  According to the forecast in the "2018 Electric Vehicle Outlook" report released by Bloomberg, the global electric vehicle sales will exceed 1.6 million in 2018, 11 million in 2025, and 30 million in 2030.  Among them, China will dominate this transformation, and by 2025 China's electric vehicle sales will occupy nearly 50% of the global market.

Source: Economic Daily


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