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The sales of new energy vehicles in 2016 are expected to exceed market expectations significantly. In November 2016, the sales volume of new energy vehicles was 65,000 units, a significant increase of 48% from the previous month. The China Automobile Association expects to exceed 500,000 units in total sales. From the 1-11 new energy vehicle sales composition, the proportion of pure electric passenger vehicles exceeds 50%.
New energy vehicle sales composition from January to November 2016
Source: OFweek Industry Research Center
From the "New Energy Vehicle Catalogue" (the fourth batch) released on December 2, the number of commercial vehicles including pure electric buses and pure electric vehicles accounted for more than 90%, and the sales volume in 17 years will greatly exceed the market. expected. Among them, the proportion of pure electric special vehicles is significantly enlarged. Pan Yao, a senior analyst at OFweek's new energy industry, said that from 2014 to 2016, China's new energy vehicle industry's rapid development, new energy bus contribution is the largest, but at present the penetration rate of new energy buses has exceeded 40%, The growth rate in the future is limited, and the space for new energy special vehicles is still very large. In 2017, the special-purpose vehicle market has broad prospects.
The fourth batch of new energy vehicle models catalogue
Source: OFweek Industry Research Center
The four ministries and commissions released the new energy vehicle subsidy adjustment plan on December 29, 2016, which exceeded market expectations in terms of the time of release and the way to determine future subsidies. Pan Yao, a senior analyst at OFweek's new energy industry, said that after the subsidy of the new policy in 20-40% in 2017, it will remain unchanged in 2018, which will help the marketization of the industry and the establishment of a long-term mechanism, and encourage enterprises to improve product quality. Industry threshold and technological progress, strengthen the close cooperation between car companies and battery factories, and further strengthen the competitive advantage of leading enterprises. It is estimated that the sales volume of domestic new energy vehicles will reach 700,000 units in 2017, a year-on-year increase of 40%, and the main growth drivers will come from new energy special vehicles and new energy passenger vehicles.
It is estimated that the total sales volume in 2017 is expected to exceed 700,000 units. 
Source: OFweek Industry Research Center
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