On April 20th, it was reported that the China Passenger Car Association released data for the car market from April 1st to 14th. According to the data, the retail sales of new energy vehicles reached 260,000 units, a year-on-year increase of 32% compared to the same period last year, and a 2% increase compared to the previous month. Meanwhile, the retail sales of passenger cars reached 516,000 units.
This means that during the statistical period from April 1st to 14th, the retail sales of new energy passenger cars in China officially exceeded 50%, reaching 50.39%! Netizens commented, "Nowadays, buyers of fuel-powered cars have officially become a minority."
It's unexpected, yet not surprising. In March of this year, the 2024 China Electric Vehicle Forum was held, during which BYD President Wang Chuanfu made a prediction that the penetration rate of new energy vehicles would soon exceed 50%, possibly even more.
In less than a month, Wang Chuanfu's prophecy has come true. So, what did he say at that time? The most impactful points include the following:
As of March 2024, the penetration rate of new energy vehicles in China has already exceeded 48.2%. It's noteworthy that in 2023, the penetration rate was 31.6%. From 31.6% to 48.2%, it's only been a few months. Therefore, following this trend, the penetration rate of new energy vehicles may soon exceed 50%, and possibly even more in the future.
Wang Chuanfu, President of BYD, believes that electric vehicles are not only stronger and more economical than fuel-powered cars but also more intelligent. This inherent advantage of electric vehicles lays the foundation for intelligent development. In the future, the integration of intelligent electric vehicles will be the direction of development.
