According to the statistical analysis of the China Association of Automobile Manufacturers, due to the decline in the subsidy policy for new energy vehicles and the obvious fluctuations in market prices and other factors, in January 2023, the production and sales of new energy vehicles will be 425,000 and 408,000, respectively, a decrease of 46.6% from the previous month. % and 49.9%, a year-on-year decrease of 6.9% and 6.3% respectively, with a market share of 24.7%. Compared with the Spring Festival month (February) in 2022, production and sales will increase by 15.4% and 22.2% respectively. The production and sales of new energy vehicles dropped slightly year-on-year.
After the withdrawal of the state subsidy, the local subsidy took over immediately, and more than ten provinces and cities successively introduced favorable policies for the consumption of new energy vehicles. All parties predict that although my country's new energy vehicle market is under short-term pressure at the beginning of the year, the long-term positive trend will not change. The relevant person in charge of the Equipment Industry Division 1 of the Ministry of Industry and Information Technology also said recently that based on the research work carried out in the early stage and the opinions of relevant parties, it is expected that the production and sales of new energy vehicles will continue to grow rapidly this year.