As of November this year, the cumulative new sales of new energy passenger vehicles, including plug-in hybrids and range extenders, which are inseparable from engines and fuels, have exceeded the million mark. According to the latest statistics released by the Passenger Car Association, from January to November 2023, a total of 224 new energy PHEV models that still rely on fuel engines have been retailed7 units, up from 123 in the same period last year60,000 units, more than 10110,000 units is also the largest new sales category model in this year's market competition, showing the strong market expansion ability of new energy vehicles that burn oil.
The new sales volume of the three major types of passenger cars in the first 11 months (unit: 10,000 units).
The market expansion ability of pure electric vehicles that do not burn oil has begun to weaken this year, and the cumulative new sales in the first 11 months are only 7620,000 units, obviously not able to catch up with the new energy vehicles that burn oil. The territory of traditional fuel vehicles continued to shrink, with a loss of 79 from January to November50,000 units sold. Fortunately, the loss of sales is far less than the expansion of new energy vehicles, indicating that traditional fuel vehicles still have strong competitiveness in the competition for new market sales this year. If it weren't for the rapid expansion of new energy vehicles equipped with fuel engines, which only compete with pure electric vehicles, it is possible that sales of traditional fuel vehicles will increase this year.
The reason for the rapid expansion of oil-burning new energy vehicles is mainly due to the engine equipped on the car, so that it will not have range anxiety, and it is much more convenient to travel than electric vehicles. At the same time, it is equipped with battery power, which saves money compared to gasoline vehicles at low speeds, because the electricity cost is significantly lower than the gas cost, thus catering to some consumers who are good at budgeting.
However, after all, new energy vehicles that burn oil are a new thing, and whether they can catch up with traditional fuel vehicles in terms of performance and reliability still needs to be observed. Especially for new energy vehicles that burn oil, it is undoubtedly a troublesome thing to often charge the power battery on the car. In addition, the power battery on the car also has a service life, if the cost of replacing the battery is also calculated, plus the maintenance cost of the engine, the overall cost of the vehicle is not cheaper than the traditional fuel vehicle, and consumers also need to continue to summarize in use. Therefore, it is difficult to conclude to what extent the new energy vehicles will expand in the market, and how the three models of fuel vehicles, electric vehicles and PHEVs will eventually carve up the market. But to eliminate fuel vehicles, from the current point of view is unlikely, because the new energy vehicles that burn oil, that is, the variant of fuel vehicles, its development momentum has begun to surpass electric vehicles this year, in a sense, it is also a disguised return to fuel vehicles in the market.