In fact, with the implementation of the new energy subsidy policy in 2019, domestic sales of new energy vehicles have continued to decline, and the China Automobile Association predicts that for the first time this year, new energy vehicles will experience negative growth for the first time. Circuit board editors also found that affected by the decline in sales of new energy vehicles, the upstream industry chain including power batteries, materials, and equipment has been significantly under pressure. In the third quarter, nearly 50% of the listed companies' net profit declined to varying degrees. Frankly speaking, although China still has an advantage in the field of new energy vehicles, it has to admit that China's new energy vehicle market is still in the initial stage of development. There are huge pressures and challenges on both sides.
At present, the domestic new energy vehicle market is "falling in the wind", and Europe is now "passionate" about electrification. The circuit board factory feels that European car companies represented by Volkswagen have begun electrification transformation. Volkswagen announced that it will produce more than 1 million electric vehicles in 2025 and sell about 22 million globally in 2028; national policy level is also supporting, ID . 3 At the off-line ceremony, German Chancellor Angela Merkel came to the scene and proposed to invest 3.5 billion euros in expanding public charging piles. The government will also extend the subsidy policy for 5 years and upgrade it. Significantly increased by 50%. Not only Europe, but also countries and regions such as the US and India are also undergoing electrification transformation. The United States is brewing $ 454 billion in new energy subsidy policies, and the Indian government is planning a bottom-up electrification strategy. Between this trade-off, the dullness of the domestic new energy market is more prominent.
With the "awakening" of global electrification, the first-mover advantage and window period established by China in the past 10 years may be rapidly reduced. It is an urgent task to find the right direction to maintain the competitiveness of China's new energy vehicle industry. The most critical point is all-round support at the policy level. Many experts, including Chen Qingtai, believe that the country is the first driving force for the transformation of automotive power technology.
Therefore, in the face of market fluctuations caused by the subsidy retreat, we should continue to unswervingly electrify the road; in addition, coordinate the continuation of the policy, do a good job on the supply side and the demand side of the effective regulation, maintain pressure, enhance the forward-looking policy, Targeted.
On the supply side, the government and enterprises will work together to strengthen their conviction and unite their strengths to promote industry transformation and breakthroughs. On the demand side, the tax exemption policy can be continued to guide the positive demand. The government can also formulate differentiated policies for new energy vehicles in terms of road rights, highway and bridge tolls, parking spaces and parking fees, so as to build a market-oriented development of the new energy vehicle industry. Long-term mechanism.
PCB editors believe that the automotive industry is ushering in a huge change that has not been seen in a century. In the past decade, China's electrification has led the world. Right now, from the middle to the middle of the boat, the water is turbulent and the rivers are in a hurry. Only by eliminating the constraints and making a comprehensive plan can we strive first, and we should be alert to the loss of the first-mover advantage that we have achieved.