BEIJING – China’s new energy vehicle sales are expected to reach 770,000 units this year, including 750,000 locally-made and 200,000 imported, according to the 2017 New Energy Vehicle Blue Book released on August 3.
The Blue Book is an annual research report on the development of China’s NEV industry jointly published by China Automotive Technology & Research Center (CATARC), Nissan (China) Investment Co., Ltd. and Dongfeng Motor Co., Ltd. (DFL).
According to the Blue Book, the new energy bus market has been sluggish this year and major growths have come from fast charging buses and medium plug-in hybrid buses. The proportion of battery electric buses has declined mainly in large and midsized cities, which show that low-priced BEVs are more popular in the market. New energy special-purpose vehicle market mainly depends on policy support, and mainstream automakers have already stepped in the battery electric logistics vehicle field and will drive terminal demands to release quickly with technology, brand advantages and broad channel resources.
With the new subsidy policy in place for 2017, the economy BEV has great development potential. At present, many automakers have focused on the micro EV market, and micro EVs have great scale, low cost and subsidy support, which satisfy low-speed EV demand of people who have driver’s licenses in rural markets.