At the 2023 Annual Media Communication Meeting held by the China Electric Vehicle Council of 100 on January 12, Zhang Yongwei, Vice President and Secretary General of the China Electric Vehicle Council of 100, expressed his views on the new changes in China’s new energy vehicle market in 2023.
Zhang Yongwei said frankly that there are several unfavorable factors worthy of attention in 2023. First, in 2023, new energy vehicle purchase subsidies will be completely withdrawn, and consumers’ car purchase costs will rise. Second, the supply chain is highly uncertain, the price of upstream raw materials is rising, and the structural shortage of chips is still prominent. In 2022, the insufficient supply of chips will lead to a reduction in the production of more than 1 million vehicles, and a global reduction of 10 million vehicles. The chip shortage is expected to improve in 2023, but it will not be balanced immediately. Third, traditional car companies have been impacted, competition in the field of new energy vehicles has intensified, and some companies and products have been eliminated.
In terms of favorable factors, first of all, the national policy to promote consumption is exerting force, many places have introduced subsidy policies for car purchases, and the preferential policies for purchase tax continue. Secondly, electrification, intelligence, and networking technologies continue to advance, and the product experience of new energy vehicles is further improved. Third, the market supply capacity is enhanced. It is expected that more than 100 new energy vehicles will be launched in China in 2023, and the ability of auto companies to respond to diversified consumer demand will be improved.
Zhang Yongwei said that based on the above factors, he believes that the sales of new energy vehicles can achieve a growth of 30%-40% in 2023, and China is expected to become the first country in the world to enter the era of annual sales of new energy vehicles of tens of millions.
In terms of assisted driving, in 2021, the penetration rate of China’s L2-level assisted driving passenger car new car market will reach 23.5%, and the penetration rate will rise to 32.4% in the first half of 2022. It is expected that the penetration rate of L2-level and above intelligent networked vehicles will reach 80%.
