According to the latest data released by the Ministry of Public Security on July 8, as of the end of June 2023, the number of motor vehicles in the country reached 426 million, of which 328 million were automobiles and 16.2 million were new energy vehicles; There are 513 million motor vehicle drivers, of which 475 million are car drivers. In the first half of 2023, there were 16.88 million newly registered motor vehicles and 11.91 million newly licensed drivers.
Thanks to the accelerated process of policy support, technology research and development and market promotion, China's new energy vehicle market continues to maintain a high growth trend, and has long become the biggest bright spot in the domestic car market.
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According to previous reports of the IT House, the Passenger Federation predicts that in 2023 China's new energy passenger car sales are expected to be 8.5 million, narrow passenger car sales are expected to be 23.5 million, and the annual penetration rate of new energy vehicles is expected to reach 36%.
In addition, the executive meeting of The State Council held on June 2 studied policies and measures to promote the high-quality development of the new energy automobile industry. In order to release the consumption potential of new energy vehicles, the meeting proposed to continue and optimize the purchase tax reduction and exemption policy for new energy vehicles.