With the rapid development of new energy vehicles, the new plug-in hybrid has emerged as a prominent member of the automotive industry. As a combination of traditional internal combustion engines and electric power systems, the new plug-in hybrid has the advantages of both worlds, providing users with a better driving experience while reducing energy consumption and emissions. This article will introduce the new plug-in hybrid industry, including its market status, technology development, and future prospects.
Market Status of New Plug-in Hybrid
The new plug-in hybrid market has experienced rapid growth in recent years. According to statistics, the global new plug-in hybrid market size reached 5.6 million units in 2019, with a year-on-year growth rate of 23.3%. The market is expected to continue growing at a rapid pace in the next few years, with a compound annual growth rate of about 20% from 2020 to 2025.
In terms of regional distribution, Europe is the largest market for new plug-in hybrids, followed by China, the United States, and Japan. Among them, China’s new plug-in hybrid market has been growing rapidly in recent years, with the country’s new energy vehicle policy as the driving force. According to data from the China Association of Automobile Manufacturers, the sales volume of new energy vehicles in China reached 1.2 million units in 2019, accounting for 4.5% of the total vehicle market. Among them, plug-in hybrids accounted for 37.3% of the total sales volume.
Technology Development of New Plug-in Hybrid
The technology development of new plug-in hybrids mainly includes the following aspects:
1. Power system: The core of the new plug-in hybrid power system is the combination of internal combustion engines and electric motors. At present, there are mainly two types of power systems: parallel hybrid and series hybrid. Parallel hybrid systems can provide both power sources, while series hybrid systems mainly use electric motors for power output.
2. Energy storage system: The energy storage system of new plug-in hybrids is mainly composed of lithium-ion batteries. With the continuous development of battery technology, the energy density, charging speed, and service life of batteries have been greatly improved, providing strong support for the development of new plug-in hybrids.
3. Control system: The control system of new plug-in hybrids is responsible for optimizing the operation of the power system and battery, ensuring the safety and stability of the vehicle. With the development of intelligent technology, the control system of new plug-in hybrids has gradually tended to be intelligent and automated.
Future Prospects of New Plug-in Hybrid
The future prospects of new plug-in hybrids are promising. The following factors will promote the development of the new plug-in hybrid industry:
1. Government policy: Governments around the world are increasingly focusing on the development of new energy vehicles, providing strong policy support for the new plug-in hybrid industry. For example, the Chinese government has implemented a series of preferential policies for new energy vehicles, including subsidies, tax exemptions, and green license plates, which have greatly stimulated the development of the new plug-in hybrid market.
2. Technological innovation: With the continuous development of battery technology, electric motor technology, and control technology, the performance and cost of new plug-in hybrids will continue to improve, further promoting the popularization and application of new plug-in hybrids.
3. Market demand: As people’s awareness of environmental protection and energy conservation continues to improve, the demand for new energy vehicles, including new plug-in hybrids, will continue to rise, providing a broad market space for the industry.
In conclusion, the new plug-in hybrid industry has great development prospects. As technology continues to advance and market demand grows, the new plug-in hybrid will become an important force in the global automotive industry, playing a vital role in promoting the development of new energy vehicles and achieving sustainable development.