Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Colorful M for the clue delivery! CTOnews.com October 29 news, the Secretary-General of the Federation of passengers Cui Dongshu said today that China's gasoline consumption has reached its peak, and the carbon peak of passenger cars has basically been achieved.

He believes that the overall gasoline consumption of passenger cars has exceeded the peak and gradually declined in the future. As passenger cars are basically gasoline vehicles, diesel vehicles have basically withdrawn, new energy electric vehicles are growing rapidly, and the new energy penetration rate of passenger cars will reach 28% this year, and rental networks in areas with high fuel consumption will be basically electrified, so it is estimated that the carbon peak of passenger cars has been achieved.

According to reports, China's gasoline consumption has fluctuated at a high level since it reached 126.44 million tons in 2018, falling to 116.2 million tons in 2020. Gasoline consumption in 2021 is 2-3% lower than that in 2019 and 2018, and 6.4% from January to August 2022 compared with the same period in 2021. According to the development trend of fuel vehicle ownership and the growth trend of new energy, domestic gasoline consumption has reached the peak, that is, the carbon peak of passenger cars has been achieved.

Cui Dongshu pointed out that at present, due to the large price difference between oil and electricity, new energy vehicles have obvious cost advantages, superimposed by the national energy structure adjustment policy, sales of new energy vehicles have soared, and the process of replacing fuel vehicles has been accelerated.

He believes that the new energy penetration rate of passenger vehicles will reach 28% this year. Sales of new energy vehicles are expected to be about 6.5 million in 2022, and may exceed 8.4 million in 2023. By the end of 2023, the number of new energy vehicles will exceed 20 million, accounting for 7% of the total.

CTOnews.com has reported that the federation released its September passenger car market report earlier this month, with retail sales reaching 1.922 million in September and wholesale sales of new energy passenger vehicles reaching 675000, up 94.9% from a year earlier and 6.2% from a month earlier.

The Federation predicts that the retail volume of new energy models in October is expected to be 550000, up 73.5% from the same period last year, down 10% from the previous month, mainly due to the seasonal influence of the head manufacturers, with a penetration rate of 28.8%, which is slower than that of September sales this month. this is related to the repeated epidemic in October, which makes the car market face some growth pressure. However, as the favorable policy is nearing expiration, the terminal discounts of car companies begin to strengthen, and the Federation believes that the fishtail effect is expected to appear.

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