With the strengthening of people's environmental awareness, governments around the world have strengthened environmental policies in the automotive industry, requiring continuous reduction of emissions from fuel vehicles and encouraging the development of new energy vehicles.

With the strengthening of people's environmental awareness, governments around the world have strengthened environmental policies in the automotive industry, requiring continuous reduction of emissions from fuel vehicles and encouraging the development of new energy vehicles. The global new energy vehicle market is showing a clear growth trend. Since 2015, with the promotion of supportive policies by various countries, the development of new energy vehicles has been rapid. From a regional perspective, China, Europe, and the United States are the main driving forces for new energy vehicles worldwide. According to statistics from the China Association of Automobile Manufacturers, from 2016 to 2023, global sales of new energy vehicles increased from 2.54 million to 14.28 million, with a compound annual growth rate of 27.98%. The development of new energy vehicles in China started with high subsidies in the early stages, with policy promotion as the main driving force. With the introduction of various support policies for new energy vehicles by the government, the gradual improvement of consumer awareness of new energy vehicles, and the continuous improvement of public charging facilities, the development momentum of new energy vehicles has been strong in recent years, becoming a highlight of the development of China's automotive industry. In 2023, the proportion of new energy vehicle sales in China's total automobile sales has exceeded 30%. From 2015 to 2023, the compound annual growth rate of new energy vehicle sales in China reached 52.25%, and the production and sales scale ranked first in the world for nine consecutive years. With the rapid development of new energy technologies, market recognition is gradually increasing and subsidies are appropriately reduced. New energy vehicles will gradually enter a stage of benign and sustainable development, and are expected to continue to maintain a fast development speed in the future. Their proportion in China's automobile market will gradually increase.