NANNING, July 3 (Xinhua) -- After several rounds of window-shopping at various dealerships, adding over a dozen sales managers to her social media, and comparing prices across different online and offline sales channels, Li Meijun finally placed her order for factory-fresh new-energy vehicle (NEV).
"There are no regional price differences, as it's mostly free of purchase tax and service charges," said Li, a 31-year-old resident of Nanning, the capital of south China's Guangxi Zhuang Autonomous Region. "The motor, battery and electric control system are all supported by lifetime guarantee, and the seller is also giving away unlimited cellular data. All things considered, it's good value for money."
Encouraged by official policies supporting the emerging industry, China has topped the world in the volume of NEV production and sales for eight consecutive years. China's NEV sales rose from 1.37 million in 2020 to 6.89 million in 2022, according to official statistics.
In the first five months of this year, the production and sales of NEVs in China rose 45.1 percent and 46.8 percent year on year, respectively. The NEV sales accounted for nearly 28 percent of the total car sales in the country.
On June 21, China unveiled a plan to further extend the preferential purchase tax policy for NEVs to the end of 2027.
A post-pandemic rebound in consumer confidence, coupled with the preferential terms provided by policy measures and carmakers, have seen a rise in the number of people intending to buy NEVs in China.
"We have seen a lengthy stream of people come in, between 4,000 and 6,000 per day, and the vast majority of them are looking for NEV options," said Pan Yiyun, a deputy manager of a major car retail platform in Nanning.
According to a report issued by the International Energy Agency (IEA), China accounted for 60 percent of global electric car sales in 2022, and is the front-runner among the three biggest markets in which the overwhelming majority of NEV sales have taken place. "Today, more than half of all electric cars on the road worldwide are in China," says the report.
One major hindrance to EV adoption across the globe has been "range anxiety" -- the NEV driver's fear that the battery will not have sufficient charge to complete a long journey.
In a bid to promote the adoption of NEVs and help their owners overcome this anxiety, China has sped up the construction of a vast network of charging facilities, with over 6.36 million stations already built by the end of May this year.
"Theoretically, the range of my battery-driven car is 700 km, so it's more than enough for simply traveling to and from work daily", said Zhou Hai, an NEV owner from Nanning. "Fully charged, I can do a round trip of 200 km plus to the coastal city of Beihai without plugging in. Even if the battery does run out of power, charging stations are available in the urban areas."
"In the grand scheme of things, the growth momentum of China's NEV industry remains very robust", said Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers. "The advances in NEV battery technology and the drop in prices have certainly made NEVs more attractive to customers."
- NEV sales take off as China supercharges the burgeoning industry
- Luocheng luosifen raw material industry helps rural vitalization
- Mango industry conference held in south China's Guangxi
- China unveils new policies supporting NEV sector, encourages firms to expand overseas
- China extends NEV purchase tax breaks
- Chinese bonsai industry paints rosy economic outlook in Guangxi
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- China Life: Chinese women shine with She Power
- China-ASEAN Expo witnesses changes in tech, life over 18 years
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Homemade curling videos trending in China
- Foreign firms approved to offer VPN services in capital
- Asia is young!
- May Day holidays set to be ‘most prosperous’
- Lantern Festival: A romantic celebration in China
- China's 1st Student (Youth) Games to open on Nov. 5
Top Reviews
- NEV sales take off as China supercharges the burgeoning industry
- [Hello Summer] Fruitful Pineapple Trees on Streets of Nanning in Guangxi
- Hezhou-Bama Expressway opens to traffic
- Huanjiang's Fenlong Festival draws massive crowds
- Guangxi, Cambodia join forces in emergency management
- Xi sends congratulatory letter to forum on civilization and sinology
- Report on CPC's "Second Integration" theory unlocks understanding of China
- U.S. treasury secretary to visit China from July 6 to 9
- China-Thailand 'Falcon Strike-2023' joint air force exercise contributes to reducing regional risks
- China's FAST telescope finds key evidence for nanohertz gravitational waves