This year's global automotive market is simply too lively.Perhaps everyone didn't expect the new era to come so quickly.Is this the power of China?Or is it time for humanity's new energy revolution?
The United States has imposed a 100% tariff on Chinese electric vehicles.The Chinese people vote with their yuan,and the penetration rate of new energy vehicles at the terminal insurance stage has broken through 50% for the first time.Audi has appeared at a low price like cabbage,who is going against the trend?
Recently,two major events have occurred on the track of new energy vehicles between China and the United States.
First,the United States has imposed a 100% tariff on Chinese electric vehicles.This seemingly simple matter violates two important basic laws at the same time.
First,a 100% tax rate is very rare in the era of globalization.Such a blatant violation of the principles of free trade is to regard cars as political weapons,which is very speechless.
Second,rejecting advanced technology and high-quality and low-priced Chinese new energy vehicles is to reject social progress and people's happiness,which is the modern meaning of closing the country.
Such a thing actually happened in the United States,which is inconceivable.
At the same time,a major event occurred in China,where the penetration rate of new energy vehicles at the terminal insurance stage broke through 50% for the first time!
How important is this breakthrough?
According to the data of the Passenger Car Association,after China's new energy vehicle retail penetration rate broke through 50% in the first half of April 2024,in the third week of May (13th-19th),the penetration rate of new energy terminal insurance also broke through 50% for the first time,reaching 50.2%.In April,some people thought that retail data might be inflated,such as using wholesale volumes as retail volumes.Be aware that this time,the insured volume is solid,not retail volume.
This is a historically significant moment because such a breakthrough is hard-earned for Chinese automobiles.
From 2005 to 2015,it took China's new energy vehicles 10 years to break through a penetration rate of 1%.From 2016 to 2019,it took more than 3 years for the penetration rate to rise to 5%.
From 2020 to 2024,it took more than 4 years for the bi-weekly penetration rate to increase to 50%.China's goal of exceeding a 50% penetration rate by 2035 set in 2020 is likely to be achieved ahead of schedule.
This breakthrough is clearly accelerating.
In March 2024,at the China Electric Vehicle Hundred Forum,BYD founder Wang Chuanfu predicted that the penetration rate of new energy vehicles would break through 50% in the next three months.
Just two months later,this prediction has become a reality,with both retail and terminal insured volumes breaking through the 50% mark for new energy penetration.
If you think this data is not convincing enough,let's look at two more data points that are equally astonishing.
The first data point,in the past two days,a blogger provided news that Audi,hit hard by new energy vehicles,has drastically reduced prices across its entire lineup to boost sales,with the highest discount reaching 110,000 yuan.
The once-famous divine car Q5 has dropped to its lowest price of 249,500 yuan,which is roughly the same as the high-end version of the BYD Han.The other day,there was a particularly viral video where the car owner claimed to have sold their Maybach and switched to the Enovate M9.What everyone saw was a downgrade in consumption,but what he saw was a transformation and upgrade.
Whether you choose the BYD Han or the Audi Q5,it's actually based on the same logic.
The second piece of data,
also from the China Passenger Car Association,shows that in the top 10 car sales rankings in the Chinese market during the second week of May,7 models were new energy vehicles,6 of which were BYD models,and the other was the Tesla Model Y.
This fully illustrates that Chinese end-users are voting with their actions and with real money in RMB,making a choice between fuel vehicles and new energy vehicles.
The rapid elimination of fuel vehicles by new energy vehicles has become a reality in the world's largest car market,and it will soon become a reality in the global market as well.
We can also see a clearer conclusion from this significant trend in international authoritative reports.
On April 23rd,the International Energy Agency released a forecast report stating that the global demand for electric vehicles will continue to grow strongly over the next decade,with sales expected to reach 17 million units in 2024,accounting for more than one-fifth of the total global car sales.
The report also said that the fastest growth is in the Chinese market,and the slowest is in the American market.
In 2024,the sales of electric vehicles in China will increase to about 10 million units,accounting for about 45% of the domestic car sales in China.
The sales proportion of new energy vehicles in Europe will also reach about a quarter,while the slowest,the United States,will only be about one-ninth,which is the result of their closed market and refusal to progress.This report also contains a very important conclusion: China continues to lead in the field of electric vehicle manufacturing and sales.Last year,over 60% of electric vehicles sold in China offered better cost-performance ratios than their conventional counterparts with equivalent performance.
This conclusion explains the significant reason for the rapid rise of new energy vehicles to a leading position: better cost-performance ratios.
Therefore,as the world is rapidly developing and advancing towards new energy,it is quite obvious who is going against the trend when the United States has imposed a 100% tariff.