Development of the Worldwide New Energy Vehicle Market in 2020 and Beyond (pre-order)

Governments worldwide have been keen to promote electric vehicles through a variety of measures such as rewards and penalties in a bid to reduce energy consumption and carbon emissions. The market is currently shared by China, Europe, the US, and other countries in the ratio of 4:3:2:1, respectively. Although COVID-19 has a negative impact on consumer demand and automotive assembly plants’ production capacity in the short term, it also brings new business opportunities as people tend to drive rather than taking public transport or sharing a ride. Thanks to governments’ incentives and subsidy schemes, demand for new energy vehicles has surpassed that for traditional vehicles, painting a bright future for the new energy vehicle market.

Table of Contents
1. Flat Sales in 2020 but Strong Growth Momentum in 2025
2. Strong Growth Potential in Europe Last Year
2.1 Europe Becomes World’s Largest Market Since Q120
2.2 Regulations and Preferential Policies to Push European New Energy Vehicle Sales to 4.9 Million in 2025
2.2.1 Carbon Emission Regulations Put Automotive Vendors and Assembly Companies under Great Pressure
2.2.2 EU Increases Purchase Subsidies to Boost Price Competitiveness
2.2.3 Ban on Diesel Cars Accelerates New Energy Vehicle Growth in Europe
2.2.4 New Energy Vehicle Sales in Europe to Reach 4.9 Million Units in 2025
3. Chinese New Energy Vehicle Sales Turn the Corner in 2020
3.1 China’s New Energy Vehicle Production and Sales in July Report Growth for the First Time
3.2 Tesla’s New Energy Vehicle Sales Grow against the Trend
3.3 Extension of Subsidy Scheme and Long-term Sales Target to Drive Chinese New Energy Vehicle Growth in 2025
3.3.1 New Dual Credit System Reduces Carbon Emissions while Promoting New Energy Vehicles
3.3.2 China Extends New Energy Vehicle Subsidy Scheme in Post-pandemic Era
3.3.3 New Energy Vehicle Sales Likely to Resume Strong Growth in 2021 and Meet 2025 Target
4. MIC Perspective
Appendix
List of Companies

List Of Tables

Table 1 Forecast of Worldwide New Energy Vehicle Sales, 2019 – 2025 

Table 2 New Energy Vehicle Sales Volume in Seven European Countries between January and May, 2020 

Table 3 Top 20 Best-selling Electric Vehicle Brands in 27 European Countries in 1Q20 

Table 4 Carbon Emission Reduction Achieved by Top 9 Automotive Vendors/Assembly Companies in 2020 

Table 5 Estimate of New Energy Vehicle Sales in Europe in 2020 under Different Carbon Emission Targets

Table 6 Forecast of New Energy Vehicle Sales in Europe over Next Five Years 

Table 7 Chinese New Energy Vehicle Sales from January to July of 2020 

Table 8 Comparison of Subsidy Schemes for New Energy Passenger Cars in 2019 and 2020

Table 9 Forecast of New Energy Vehicle Sales in China over Next Five Years

List Of Figures

Figure 1 New Energy Vehicle Growth Rates in China, Europe, and Rest of World in 1H20 

Figure 2 Automotive Vendors/Assembly Companies Set to Launch 50-plus PHEV/BEV in 2020 

Figure 3 New Preferential Policies in Europe during Pandemic 

Figure 4 Target Dates of Ban on Diesel Car/ZEV in European Countries 

Figure 5 EU’s Carbon Emission Standards v.s. New Energy Vehicle Sales 

Figure 6 Monthly Production/Sales of New Energy Vehicles in July, 2017 - 2020 

Figure 7 Top 10 New Energy Vehicle Passenger Car Vendors and Assembly Companies in 1H20 

Figure 8 Solicitation of Public Opinions: Credit System for New Energy Vehicles 

Figure 9 Solicitation of Public Opinions: New Dual Credit System Drastically Cuts Credits for Single Vehicle 

 

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