In the first half of April, the penetration rate of China's new energy vehicle market exceeded 50%, and the market position of gasoline vehicles began to shake. Industry insiders say that in the long term, the automotive market may exhibit a dual track parallel trend, with new energy vehicles and fuel vehicles competing and coexisting in different fields. Recently, the automotive industry has been discussing a data point: the penetration rate of China's new energy vehicle market has exceeded 50%. Related to this, the topic of "buying gasoline cars has officially become a minority" once surged to the top of Baidu's hot search list. When it comes to gasoline cars, you may associate them with their unique fuel smell and deafening engine roar. With the improvement of the range of new energy vehicles, the highest mileage can now reach 2000 kilometers, and the market position of fuel vehicles seems to be starting to shake. In recent interviews with reporters, many industry experts have admitted that with the implementation of environmental regulations and the continuous development of new energy technologies, fuel vehicles are bound to undergo innovation and improvement in order to maintain their competitiveness in the market. In the future, fuel vehicles will adopt more environmentally friendly and energy-saving designs, or integrate with new energy technologies to adapt to the ever-changing market demands. In the long term, the automotive market may exhibit a dual track parallel trend, with new energy vehicles and fuel vehicles competing and coexisting in different fields. According to data from the China Passenger Car Association, a milestone event, from April 1st to April 14th, the retail sales of 516000 vehicles in the national passenger car market increased by 32% year-on-year, reaching 260000 vehicles, with a penetration rate of 50.39%; National passenger car manufacturers wholesale 534000 vehicles, including 268000 new energy vehicles, with a penetration rate of 50.19%. The penetration rate of new energy vehicle retail and wholesale has both exceeded 50%, reaching this historic milestone faster than many people have estimated. From 2005 to 2015, it took China 10 years to use new energy vehicles, and the market penetration rate only exceeded 1%. But in recent years, its development has significantly accelerated. With the advancement of electric vehicle technology, the range and charging speed of electric vehicles have significantly improved. The gradual completion of charging facilities has attracted more and more consumers to choose electric vehicles. In addition, the cost of batteries has decreased, and the cost of purchasing electric vehicles has significantly decreased, making electric vehicles a new favorite for family travel. As the engine of change in the contemporary automotive industry, intelligent driving technology is constantly driving the progress of new energy vehicles. At the beginning of the new year, people have witnessed a leap in intelligent driving technology from L2 level assisted driving to L4 level almost fully autonomous driving. Statistical data shows that intelligent driving systems can effectively reduce about 40% of traffic accidents and significantly alleviate driver fatigue. With the continuous improvement of regulations and technological advancements, it is expected that the popularity of intelligent driving will double in the coming years. The multiple new energy vehicle models newly launched this year all have highly autonomous driving capabilities in both highway and urban environments. They use high-precision map and sensor fusion technology to provide real-time insight into road conditions and intelligent decision-making, bringing unprecedented convenience to drivers. In recent years, the rise of domestic brands has become a trend, and technological progress and the improvement of brand image have made domestic cars more and more popular among consumers. Taking Geely and the Great Wall as examples
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