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Chen Hong, chairman of SAIC, said: without the support of the new policy, sales of new energy vehicles may decline "off a cliff" in 2020.

2024-11-18 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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At this year's two sessions, Chen Hong, deputy to the National people's Congress and secretary of the party committee and chairman of Shanghai Automobile Group Co., Ltd., said that China's new energy vehicles are still mainly policy-driven and the market driving force is not strong enough. After the purchase subsidy is abolished by 2020, if there is no other policy to follow up, due to the sharp rise in the purchase cost of new energy vehicles, it is likely to lead to a "cliff" decline of about 40% in China's new energy vehicle market, especially pure electric vehicles. Market share may fall by about 50%.

Prior to this, the National New Energy Administration issued a number of regulations to rectify the chaos in the new energy vehicle industry and established a "slope, adjustment, withdrawal" mechanism. The state policy subsidies will gradually withdraw from the end of 2018 and will be completely withdrawn by 2020.

At present, under the influence of the new energy subsidy policy, double integral subsidy and the expansion of the traditional automobile industry, more and more traditional automobile industries also enter the field of new energy vehicles. On the other hand, the state has strengthened the review of the qualifications of new energy vehicle enterprises, and 30 car companies have been disqualified, but after the purchase subsidy issued by the National Energy Administration was completely abolished in 2020. Some enterprises will withdraw from the competition of new energy vehicles.

On the one hand, this move can strengthen market guidance, eliminate more backward enterprises that practice fraud and make up for the number, force enterprises to enhance their technological strength, encourage enterprises to carry out innovation, constantly develop the latest technology, and promote the development of the new energy vehicle industry, but on the other hand, although the manufacturing cost at the present stage continues to reduce, the production cost of new energy vehicles is still higher than that of traditional cars of the same level.

The future trend of automobile development will be the "new four modernizations" recognized by the industry, that is, the electrification, networking, intelligence and sharing of cars, which is the strategic commanding point of new energy vehicles. At that time, the post-80s, post-90s and post-00s who have grown up in the Internet environment will occupy the dominant position of car buyers, as the consumer groups become younger and younger. So that the Internet and the demand for mobile terminals will be the direction of the development of the automobile industry.

Therefore, in the future, the automobile will evolve to the advanced intelligent mobile terminal, and the new energy vehicle will also usher in the golden period of its rapid development, which may be the era of the new energy vehicle.

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