Since the beginning of this year, China's new energy vehicle production and sales continue to “boom”.

After the official implementation of the new energy vehicle subsidy policy on June 12, automobile companies accelerated the clearance of low-mileage vehicles by June, and to a certain extent improved the overall sales of new energy vehicles.

At the time, industry insiders were concerned that the new subsidy policy might lead to fluctuations in new energy sales in July, but the results exceeded expectations.

Currently, the main push for plug-in hybrids has already tasted the sweet spot. Take BYD for example. According to BYD's announcement on automobile production and sales, in July, BYD sold 188,000 new energy vehicles and 185,000 fuel vehicles, and for the first time in a month, new energy vehicles exceeded fuel vehicles.

Another feature of China's new energy vehicle market in the first seven months was the good performance of SUVs, contrary to the traditional fuel vehicle market.

According to CCA, the overall SUV market in China stood at 633,000 units in July this year, down 8.2% year-on-year and 14.2% year-on-year.SUVs are performing strongly in the new energy vehicle market. Nevertheless, BYD sold 10,027 new energy SUVs in July, accounting for 54.6% of its monthly sales.

Data from CCA shows that in July, China's new energy vehicle production and sales reached 900,000 and 84,000 units respectively, an increase of 53.6% and 47.7% compared to the same period last year. 68,000 and 60,000 electric vehicles were produced and sold respectively, an increase of 45.4% and 33.6% compared to the same period last year, and 23,000 and 24,000 plug-in hybrid vehicles were produced and sold respectively.

In the field of new energy passenger vehicles, according to data released by the Federation of Passenger and Occupant, narrowly defined new energy passenger vehicle sales in July was 71,000, up 65% from the same period last year.

Data show that 1~7 months, China's new energy bus sales reached 423,000 units, an increase of 1,11%. Among them, pure electric bus sales of about 305,000 units, an increase of 90%; plug-in hybrid sales of 118,000 units, an increase of 1,92%.

From this perspective, China's plug-in hybrid market has performed strongly this year, even catching up with the growth momentum of pure electric buses.

In response, Tian Weidong, a senior analyst at Wilson New Energy, told Daily Economic News that based on consumer feedback, plug-in hybrids will be better suited to their needs. Wilson predicted that the market share gap between pure electric and plug-in hybrid models will gradually narrow by 2020, and that there may even be a divergence between the two in provinces and cities other than Beijing.

According to the data of China Civil Aviation, the first seven months of this year, China's new energy vehicle production and sales were completed 54,000 and 496,000 units, an increase of 85% and 97.1% over the same period last year. production and sales far exceeded the industry's expectations, and is expected to break the previous year's new energy automobile market, “before the high and after the low” the development trend.

At present, the sales of new energy vehicles have become the core driver of the growth and growth of the automobile market. The development of the new energy market will not diminish after the policy is clarified.