Home Technology peripherals It Industry The penetration rate of new energy vehicles is uneven, with China and Norway leading the world

The penetration rate of new energy vehicles is uneven, with China and Norway leading the world

Oct 07, 2023 pm 08:17 PM
New energy vehicles Penetration unbalanced

News on October 7, the global new energy vehicle market is rising rapidly. According to the latest data, the popularity of new energy vehicles is showing a rapid growth trend. In 2020, global new energy vehicles accounted for only 3.9% of the market, but by 2022, this number had soared to 13%, and as of August 2023, the penetration rate of global new energy vehicles had climbed to 16.3%.

The penetration rate of new energy vehicles is uneven, with China and Norway leading the world

# However, what is worrying is that there is an obvious imbalance in the development of new energy vehicles in various countries around the world. According to an article written by Cui Dongshu, secretary-general of the Passenger Car Association, China has performed well in terms of penetration rate of new energy vehicles, reaching an astonishing 28%. Followed closely by Germany, its new energy vehicle penetration rate reaches 20%, while the United States only accounts for 8.9%, and Japan only accounts for 3% of the market share. However, Norway has become the pinnacle of the popularity of new energy vehicles, with the proportion of new energy vehicles reaching an astonishing 73.5%. This huge difference has raised concerns about the imbalance of the global new energy vehicle market

The penetration rate of new energy vehicles is uneven, with China and Norway leading the world

According to the editor’s understanding, the reason why Norway is so far ahead in the field of new energy vehicles Leading the way, on the one hand, thanks to its abundant hydropower resources, it has huge hydropower resources, which provides sufficient clean energy for new energy vehicles. On the other hand, the government has introduced a series of policy measures, such as exempting 25% value-added tax and reducing road tax, to encourage more citizens to purchase new energy vehicles. The implementation of these policy measures enabled Norway to achieve a historic breakthrough in 2020 when the sales of new energy vehicles exceeded that of traditional fuel vehicles, setting an example for other countries. This also shows that in addition to resource advantages, policy guidance is also an important factor in the development of the new energy vehicle market.

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