1.China’s new energy vehicle market grows

According to the latest data from the International Energy Agency, the global sales of new energy vehicles will reach 6.6 million in 2021, an increase of about 1 times year-on-year. In 2021, the global penetration rate of new energy vehicles will be nearly 9%, which is higher than 4.7pct in the previous year.
China and Europe remain the two main drivers for the growth of the global new energy vehicle market. In 2021, the global sales of new energy vehicles in China will account for 53% of the global sales, an increase of 12pct year-on-year, the global sales of new energy vehicles in Europe will account for 32%, a decrease of 10pct year-on-year, and the sales of new energy vehicles in the United States will account for 10% of the global sales, flat year-on-year. Europe vigorously promotes the implementation of carbon emission targets. Under the strict carbon emission control policy, the sales of new energy vehicles in Europe will reach 2.1 million in 2021, a year-on-year increase of 54%, and the penetration rate has climbed to about 20%. By 2025, the global sales volume is expected to be close to 20 million, the penetration rate is expected to exceed 20%, and the compound growth rate from 2021 to 2025 is expected to reach more than 30%.
Electric vehicle charging system is an energy supply facility that maintains the operation of electric vehicles. The construction of charging infrastructure continued to advance. It is crucial for the promotion and development of electric vehicles. It is urgent to speed up the construction of supporting infrastructure such as electric vehicle charging stations (fast ev charger) and swap stations.

2.Electric vehicle market growth around the world

On February 8, 2022, a report jointly released by Ernst & Young and the European Electricity Industry Alliance shows that the number of electric vehicles on European roads may reach 130 million in 2035, so the European region needs to formulate a good policy response plan , to cope with the charging pressure brought about by the surge in the number of electric vehicles. One in every 11 new cars sold in Europe in 2021 is a pure electric vehicle, a 63% increase from 2020. There are currently 374,000 public charging piles in Europe, two-thirds of which are concentrated in five countries – the Netherlands, France, Italy, Germany and the United Kingdom, while some European countries still do not reach one charging point per 100 kilometers, and the infrastructure The absence will limit the use of electric vehicles, leading to obstacles to promotion. The report shows that there are currently 3.3 million electric vehicles on the road in Europe, and by 2035, 9 million public charging piles and 56 million household charging piles, a total of 65 million electric vehicle charging piles, will be needed to meet the rapid growth of pure electric vehicles. Electric vehicle charging needs.