The rapid growth of the global electric vehicle market (international perspective)

　　Core reading

　　Thanks to policies such as emission reduction targets and car purchase subsidies proposed by many governments, the global electric vehicle market is growing rapidly, the number and quality of electric vehicles are continuously improving, and the related charging infrastructure is constantly improving.

At present, China and Europe have become the main markets for sales growth.

　　The International Energy Agency, headquartered in Paris, France, recently released the "Global Electric Vehicle Outlook 2021" report, showing that in 2020, the number of new global electric vehicle registrations reached a record 3 million, an increase of 41% over the previous year.

Among them, the total number of new registrations of electric vehicles in Europe and China accounted for more than 80%.

In the first quarter of 2021, global electric vehicle sales increased by approximately 140% year-on-year.

The report predicts that the next 10 years will continue to maintain a strong growth momentum.

　　The electric vehicle industry shows strong resilience

　　GAC Honda’s new energy model Haoyingrui Hybrid e+, Volkswagen’s pure electric SUV ID.6 X, South Korea’s Hyundai Motor "Ani Krypton 5"... At the 19th Shanghai International Automobile Industry Exhibition held not long ago, More than 1,000 global car companies compete on the same stage with new models.

Among the models that debuted or debuted at the auto show, nearly four have become pure electric vehicles, far exceeding the previous scale, reflecting the global automotive industry's trend of accelerating the transformation of electrification.

　　According to the "Global Electric Vehicle Outlook 2021" report, the epidemic has had an impact on the global automotive industry. Last year, global car sales fell by 6%, but the electric vehicle market bucked the trend and rose. As of the end of 2020, the number of global electric vehicles exceeded 10 million.

China and Europe continue to be the main markets for global electric vehicle sales growth.

　　The multi-national electric vehicle market maintains resilience.

According to data, in 2020, 395,000 new electric vehicles were registered in Germany, 185,000 in France, and 176,000 in the UK.

In Norway, the share of electric vehicle sales reached a record 75%, an increase of about one-third over the previous year.

South Korea’s sales of electric vehicles in 2020 reached 46,000, an increase of 33.3% year-on-year.

According to data from the China Association of Automobile Manufacturers, as of March this year, the number of new energy vehicles in China reached 5.51 million.

Among them, there are 4.49 million pure electric vehicles, accounting for 81.53% of the total number of new energy vehicles.

　　Jacob Tartini, a transportation and energy analyst at the International Energy Agency, said that the strong resilience of the global electric vehicle industry is mainly based on the management framework that many countries have established to support the development of the industry, including the establishment of greenhouse gas emission standards and zero emissions. Key policies such as vehicle directives.

Therefore, promoting the electrification of the automobile industry has become a major industry development trend in compliance with climate goals.

　　Two-wheel drive of emission reduction and subsidy policy

　　You can get a subsidy of up to 7000 euros for buying an electric car, 2000 euros for buying a hybrid car, 5000 euros for scrapping an old car with high pollution emissions and replacing it with an electric car... After weighing, I live in Paris 15 Francis of the district finally chose to buy a Renault ZOE electric car.

He said: "The subsidies are very large, cost-effective, and comply with the new emission regulations. These are the main reasons why I bought this electric car."

　　The International Energy Agency pointed out that multiple factors have contributed to the contrarian growth of global electric vehicle sales in 2020. Among them, emission reduction targets and government subsidy policies are important reasons.

Data shows that in 2020, many governments around the world invested US$14 billion in direct purchase incentives and tax relief for electric vehicles, a year-on-year increase of 25%.

　　Germany's latest subsidy policy stipulates that pure electric vehicles priced at 40,000 euros and below will be subsidized 9,000 euros, and more than 40,000 euros will be subsidized 7,500 euros.

South Korea announced the "Comprehensive Adaptation of Non-Pollution-Free Vehicle Subsidies", which provides different subsidy policies based on the performance and price of electric vehicles.

　　The increased selection of electric vehicles is another important driving force.

The International Energy Agency reported that there will be about 370 electric vehicles in the world in 2020, an increase of 40% over 2019. Consumers have more choices when buying electric vehicles.

　　The decline in battery costs has also increased the price competitiveness of electric vehicles.

According to Bloomberg New Energy Finance's annual battery price survey, the average international price of car batteries in 2020 has dropped by 13% compared to 2019.

By 2023, the fuel cost of electric vehicles is expected to be close to that of fuel vehicles of the same grade.

Timur Goul, head of the Energy Technology Policy Department of the International Energy Agency, said that as the world's largest producer of electric vehicle batteries, China has played a key role in reducing the cost of electric vehicles and batteries globally.

　　It is worth noting that there are huge regional differences in the number of electric vehicles.

According to a study conducted at the Munich Auto Show, in South America, which has a population of 420 million, there are less than 18,000 electric vehicles; in Africa, which has a population of 1.2 billion, there are only about 1,500 electric vehicles.

However, with the further improvement of the competitiveness of electric vehicles, the development potential of electric vehicles in these areas has gradually become prominent.

For example, South Africa issued a draft "National Resolved Contribution" in March this year, intending to accelerate the development of green transportation methods such as electric vehicles and hybrid vehicles.

　　The scale of the industry is expected to continue to expand in the future

　　The analysis believes that electric vehicles play an important role in achieving the global zero carbon emission goal. As governments continue to promote carbon emission targets, the scale of the electric vehicle industry will further expand in the future.

The International Energy Agency predicts that the global electric vehicle industry will grow significantly in the next 10 years.

In the context of existing policies, the global stock of electric vehicles is expected to reach approximately 145 million by 2030.

Under the sustainable development scenario, the global stock of electric vehicles is expected to reach 230 million by 2030.

　　"Encouraged by the government, people's attitude towards electric vehicles has changed from a wait-and-see attitude to a positive one. Electric vehicles are now entering a virtuous circle, attracting more and more consumers." Lavigne Newey pointed out that the current electric vehicle industry is still in the development stage, and the common problems of inconvenience in charging and high vehicle costs need to be solved through the development of core technologies and upgraded services.

　　Entering 2021, many car companies are vigorously tilting towards new technologies and electric vehicles in terms of resource investment and allocation.

For example, Volvo Cars announced that it will only sell electric vehicles from 2030.

General Motors plans to produce only electric cars by 2035.

Volkswagen’s goal is to sell 70% of its electric vehicles in Europe and 50% of its electric vehicles in China and the United States by 2030.

The French "Echos" article stated that an automotive "electrical revolution" is kicking off.

　　The rapid development of electric vehicles will bring new opportunities to the charging infrastructure industry.

Whether it is charging equipment manufacturers, operators, or developers of related applications, they will all benefit from it.

The International Energy Agency pointed out that to promote electric vehicles to play a greater role in achieving climate goals, countries must strengthen supportive policies, continue to increase investment in charging infrastructure, and further improve fuel economy standards.

In the long run, governments need to take measures to balance the fuel tax related to electric vehicles and provide continuous support for the development of electric vehicles.

　　The market research organization International Data Corporation pointed out that the current electric vehicle market still has battery attenuation and safety issues, and low coverage of public charging piles.

With the continuous breakthrough of power battery technology and the continuous improvement of charging infrastructure, the development of the electric vehicle market will accelerate in the next five years, and the market maturity is expected to further improve.

In addition, with its advantages such as convenient signal transmission and sensitive current and voltage control, electric vehicles will be more closely integrated with the development trend of autonomous driving in the automotive industry and developed in coordination.

　　(Our newspaper, Paris, May 6th)