Hu Tiegang of Chang'an Power Research Institute: new energy vehicles are expected to reach 8 million this year, and the market penetration rate of electric vehicles is 20.8%.

[Hu Tiegang of Changan Power Research Institute: new energy vehicles are expected to reach 8 million of the market penetration of electric vehicles this year.] FIFA, June 9, Hu Tiegang, general manager of Changan Automobile Power Research Institute, shared two trends. First, "the internal combustion engine has been declining at an average of 150-2 million vehicles per year in the past 5-6 years, of which the market proportion of electric vehicles is growing rapidly, reaching 27.6% and 30.2% in 2021 and 2022, and new energy vehicles are expected to reach 8 million this year." the market penetration of electric vehicles is 20.8%. " The second is "the original Chinese market of electric vehicles at both ends, within 100000 of small-sized electric vehicles and more than 300000 luxury electric vehicles." Through market segmentation analysis, it is found that electric vehicles at all levels began to work last year, especially those that originally focused on 10-200000, with sales reaching 724000 last year, basically on a similar scale from both ends to the central part. "