The average annual growth rate of new energy vehicle sales will reach 40% in the next five years

Recently, China Automobile Industry Association released the latest data. In May 2021,New energy vehicle Production and sales increased slightly, with sustained high-speed growth year-on-year. 217000 vehicles were produced and sold, with a year-on-year increase of 0.5% and 5.4%, and a year-on-year increase of 1.5 times and 1.6 times. From January to may 2021,New energy vehicle Production and sales exceeded 900000, reaching 967000 and 950000 respectively, a year-on-year increase of 2.2 times.

Fu Bingfeng, executive vice president and Secretary General of China Automobile Industry Association and President of the world automobile Organization (oica), also publicly said recently that it is expected that in the next 5-8 years, China will eliminate about 200 million vehicles below national IV, the new car market will exceed 200 million, and the new car market will at least exceed 200 million (new energy + traditional vehicles)

From the current data,New energy vehicle Our sales volume has exceeded 10%. In addition, second-hand car transactions continue to be active. According to the statistics of China Automobile Circulation Association, the trading volume of second-hand cars from January to May was 6.907 million, a year-on-year increase of 60.9% and 22.9%. In May, 1.462 million vehicles were traded, with a year-on-year increase of 24.7% and 25.9%.

The recycling and decomposition of abandoned cars has increased steadily. According to the statistics of the Ministry of Commerce, 1055000 abandoned vehicles were recovered from January to may, an increase of 48.4% over the previous year and 20.2% over the same period in 2019. In May, 238000 vehicles were recovered, an increase of 21.4% over the previous year and 17.8% over the same period in 2019.