What Are the Development Trends of New Energy Vehicles?
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In the future, the development trend of new energy vehicles will advance by leaps and bounds, with the potential to replace traditional fuel-powered vehicles. Here are some extended insights: 1. Rapid development of new energy vehicles: According to publicly available data, in the first half of 2020, China exported 36,900 new energy vehicles, marking a 140.7% year-on-year increase; the export value reached $1.102 billion, a 271.6% year-on-year surge. Among these, pure electric vehicle exports totaled 21,500 units, up by 136%, with an export value of $363 million, skyrocketing by 1122.9% year-on-year. 2. Prospects for new energy vehicle development: Under the pressures of energy and environmental concerns, new energy vehicles will undoubtedly become the future direction of the automotive industry. If new energy vehicles experience rapid growth, based on China's 140 million vehicle ownership in 2020, it could save 32.29 million tons of petroleum, replace 31.10 million tons of petroleum, totaling 63.39 million tons in savings and substitution, equivalent to reducing automotive fuel demand by 22.7%. Considering China's energy resource situation and international automotive technology trends, it is estimated that by 2025, conventional gasoline vehicles will account for only about 50% of passenger vehicle ownership in China, while advanced diesel vehicles, gas-powered vehicles, biofuel vehicles, and other new energy vehicles will experience rapid development.