AutoBeta(AutoBeta.net)09/03 Report--

According to overseas media reports, global sales of electric vehicles fell for the first time in July this year. Among them, global sales of plug-in electric vehicles fell 14% to about 128,000 units. 1-7 Global sales of electric vehicles rose 35% in January.

This is also the first month since the Chinese government implemented the new energy subsidy policy on June 25. After the reduction of subsidies for the purchase of new energy vehicles, the sales volume of electric vehicles declined for the first time in recent years, which also shows that the implementation of policies has a significant impact on the development of the new energy vehicle market.

Global sales of electric vehicles were 128,000 units in July, with sales falling in China and North America and increasing in Europe.

From the perspective of China's overall new energy market sales, in July 2019, a total of 30,000 new energy vehicles were sold, accounting for 2.1% of the total market sales. Compared with the previous month, sales fell 84% month-on-month. Compared with the same period last year, sales fell 35.3% year-on-year, the lowest in history in the past year.

The development of new energy vehicles in China has always been at the forefront. In 2018, global sales of new energy vehicles exceeded 2 million, while sales of new energy vehicles in China alone reached 1.256 million. By the end of 2018, global sales of new energy vehicles had exceeded 5.5 million, with China accounting for more than 53%.

The decline in new energy sales in the North American market has exacerbated market changes. In July, 26395 new energy vehicles were sold in the North American market, compared with 29598 vehicles in the same period last year, down 11% year-on-year and 30% from 37818 vehicles in June.

Although new energy sales slowed down in July with reduced subsidies and may continue to show short-term decline in the second half of the year, demand for electric vehicles remains optimistic in the long run. Because all major automobile manufacturers in the world regard the new energy plan as the momentum of future growth, and the development of new energy vehicles is also the trend. As the world's largest automobile market and the largest new energy automobile market, China is still the main plan of most automobile enterprises in their strategy.

Reports show that global sales of electric vehicles exceeded 2 million last year and are expected to continue to grow rapidly in the coming years, reaching 10 million by 2025, 28 million by 2030 and 56 million by 2040. In addition, by 2040, 30% of the world's cars will be electric.

In addition, Tesla topped the electric vehicle market in July, selling about 20,000 vehicles, followed by Chinese brand BYD Co., Ltd. Competitors such as BYD, BAIC and SAIC are performing flat due to changes in subsidies for new energy vehicles in China, while established automakers such as Volkswagen Hyundai are gradually closing the gap with No.7 Geely.

In general, the reasons for the first decline in sales of new energy vehicles are manifold, mainly due to the sharp decline in subsidies and the early overdraft of the market. On the other hand, as subsidies decline, major manufacturers are bound to shift their focus to product development and quality, which is undoubtedly good news for consumers.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat