AutoBeta(AutoBeta.net)04/25 Report--

Wang Chuanfu, chairman of BYD, made a startling remark on CCTV's "Dialogue" program on April 21: buying an electric car worth 100000 yuan is more cost-effective than buying a 60, 000-yuan fuel car.

As for the statement that "100000 electric cars are more cost-effective than 60, 000 fuel-fueled cars," BYD explained that the average annual mileage of Chinese private cars is about 20, 000 kilometers, and the price difference between oil and electricity per kilometer of energy consumption is 0.5 yuan (electric cars consume about 0.1 yuan of electricity per kilometer, fuel vehicles need to consume 0.6 yuan of fuel under the same operating conditions) Therefore, the cost of using electric cars alone can save users 10,000 yuan a year (0.5 yuan difference by 20,000 kilometers).

Therefore, Wang Chuanfu believes that using electric cars for three years can save at least 30,000 yuan on gas. Coupled with the purchase tax reduction of 10,000 yuan, electric vehicles have a natural advantage of 40,000 yuan over fuel vehicles in terms of purchase and use costs. "therefore, when the price of electric vehicles is no more than 40,000 yuan higher than that of fuel vehicles, smart consumers still choose electric vehicles, which is the inherent driving force for the growth of electric vehicles."

Wang Chuanfu also said that only 50% of BYD's electric car sales in 2018 were in cities with local policy promotion, such as Beijing, Shanghai, Guangzhou and Shenzhen, while the remaining 50% were distributed in Shandong, Henan, Hebei and other places where there was little local policy promotion. Wang Chuanfu also cited BYD yuan as an example to explain the view that "100000 electric cars are more cost-effective than 60, 000 fuel vehicles." the fuel version sells for about 60, 000 yuan per car, but it sells less than 1000 vehicles a month. The pure electric version of the yuan EV, the price of about 100000 yuan per car, monthly sales have exceeded 10, 000 vehicles. "

After some "demonstration", Wang Chuanfu concluded: "when the price difference between electric cars and fuel vehicles is less than 40,000 yuan, consumers will think that electric cars are cost-effective."

There seems to be some truth in this comparison, but is this really the case? The lack of this "deficiency" in charging infrastructure is a major problem for electric vehicles, and the range and charging efficiency are also hard injuries that can not be avoided by electric vehicles. Even if 100000 yuan electric vehicles are more cost-effective than 60, 000 fuel vehicles in use, fuel vehicles still have incomparable advantages over electric vehicles-- the experience of using them, not to mention that the depreciation speed of electric vehicles is much faster than that of fuel-powered vehicles.

Therefore, at present, I am afraid the main reason why consumers buy electric cars is the implementation of policies, such as licensing, traffic restrictions, and so on. As Wang Chuanfu said, less than ten cities with local policy restrictions, such as Beijing, Shanghai, Guangzhou and Shenzhen, account for 50% of its sales, which shows that BYD's electric car market is mainly restricted cities.

In terms of sales, BYD sold 46825 vehicles in March, up 8.5% from a year earlier, and new energy vehicles sold nearly twice as many as fuel vehicles, while BYD sold 117578 vehicles in the first three months of this year, up 5.2% from a year earlier. among them, the sales of new energy vehicles increased by nearly 147% year-on-year, far exceeding the 44406 of traditional fuel vehicles. In the first quarter of 2019, BYD's electric vehicle business accounted for more than 60% of its automobile revenue. At the same time, Wang Chuanfu expects the proportion of BYD's electric car sales to rise to 80% of its own car sales in the next three years.

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