Sales of pure electric vehicles in Germany tripled to more than 194000 units in 2020, according to the German road traffic regulator. By the end of 2020, the number of pure electric vehicles registered in Germany accounted for 1.2 per cent of the total number of local passenger vehicles, up from 0.5 per cent a year ago. Germany sold 110000 electric vehicles in 2019, making it the third largest electric vehicle market in the world. In addition, the Norwegian Highway Federation said a few days ago that pure electric vehicles in Norway accounted for 54.3% of total car sales in 2020, becoming the first country in the world that accounted for more than half of electric vehicle sales. Since last year, the European electric car market, including Germany and Norway, has accelerated. The number of electric passenger cars registered in November last year was 166255, up 198% from the same period last year, setting a new monthly sales record. December's traditional peak season data will be more eye-catching. It is expected to sell more than 1.25 million vehicles for the whole year, overtaking China as the market with the highest sales of electric vehicles.
Earlier, the EU proposed a new draft climate target plan for 2030, which would raise the carbon emissions target from 40 per cent to 50 per cent, and the Industry and Environment Committee had voted to approve the plan. After months of consultations, leaders of the 27 EU member states reached a consensus on the latest emission reduction plan on the 11th, agreeing that EU greenhouse gas emissions will be at least 55% lower by 2030 than in 1990. Although the proposal still needs to be further confirmed by the European Commission, it is basically a process. As a result, the EU's final climate plan landed.
The agency believes that driven by the backlash of European carbon regulations and high subsidy policies, new energy vehicles will develop rapidly in 2020, combined with the relevant forecasts of ACEA and Ev Sales, taking into account the continuation of Europe's high subsidy policy for new energy vehicles in recent years, the continuous layout of platform models led by Volkswagen and Mercedes-Benz and the establishment of the Tesla European factory. Sales are expected to reach 2 million in 2021, 5.2 million in 2025, 45 per cent of CAGR in six years and more than 30 per cent of new energy penetration in 2025. With the rapid expansion of the European market, domestic supply chain companies continue to benefit.
Among the listed companies, Dangsheng Technology is mainly engaged in small lithium and power lithium cathode materials such as lithium cobalt, multicomponent materials and lithium manganate, while Putailai is a leader in negative materials, entering the overseas battery supply chain represented by LG Chemistry and Samsung SDI.
