According to the Securities Times app, Cui Dongshu, the Secretary General of the Passenger Vehicle Association, recently announced on the Ministry of Industry and Information Technology's website the 7th batch of tax-exempt new energy passenger vehicles. Overall, the technological advancements of tax-exempt models have been relatively stable, with a large number of pure electric passenger vehicles having a range of over 600 kilometers, and a variety of products with high energy density batteries. There were no hydrogen fuel vehicle models introduced as passenger vehicles, but there were many competitive new energy vehicle models launched by autonomous traditional vehicle companies.

1. Overview of the tax-exempt catalog in 2024

In 2024, there are a total of 18,365 electric vehicle tax-exempt models in the catalog. Due to the excessive number of the first batch, there are more electric vehicle models in the catalog compared to the normal levels of the past few years.

In recent years, the catalog of new energy vehicles has been gradually enriched. The catalog of new energy passenger vehicles in 2024 can be said to have a relatively high overall quantity, indicating a vibrant development of new energy vehicles this year.

2. Changes in power structure

Due to subsidies, the recent performance of hydrogen energy autos has been super strong, with the quantity surpassing plug-in hybrids, becoming the main products in the application catalog.

Among them, there are 15,992 pure electric models, with many special-purpose vehicles. There are 1,167 plug-in hybrids, with more passenger vehicles, and special-purpose vehicles starting a bit slowly. As for hydrogen fuel, there are 1,206 models, with no recent passenger vehicles, which is also a good thing.

3. Changes in the 2024 New Energy Directory

In 2024, the new energy autos catalog maintains high characteristics, especially the explosive growth of hydrogen fuel special-purpose vehicles, forming a strong growth feature relying on subsidies.

4. Range of electric passenger autos in 2024

The overall range of electric vehicles has continued to increase, especially for pure electric vehicles from 2018 to 2023. In 2024, there is a significant increase in the number of passenger electric vehicles with a range of over 500 kilometers, and there are also many models with a range of around 400 kilometers.

The range of pure electric passenger vehicles is relatively stable. The number of products with a range of over 600 kilometers continues to increase in 2024, with obvious technological advancements.

It is regrettable that there are fewer short-range products. After all, short range does not indicate technological backwardness, but rather a more cost-effective advantage that better suits consumer demands. However, the decision to exempt vehicle purchase tax drives the product trend.

5. Energy density of batteries

In recent years, the energy density of batteries in pure electric vehicles has been gradually increasing. In 2024, the gradual marketization is driving technological advancements, reflecting a good effect of passenger vehicles transitioning away from subsidies. There is an increase in models of 140 watt-hours and 180 watt-hours.

There is a significant difference in the energy density of plug-in hybrid batteries, with the high-end 180 watt-hours/kilogram plug-in hybrids showing good growth.

6. Analysis of pure electric passenger vehicles

There are many new products from Geely, with a strong product competitiveness. Ai'an's low power consumption is outstanding in practicality.

7. Chery's new vehicle tracking

Chery, Chang'an, Geely, BYD and other independent brands have performed well in plug-in hybrids. The power consumption of some models is also reduced to below 20, performing well.