Global Charging Station Subsidy Policy growth of the EV charger industry.

Sustainable development is the long-term development goal of all countries around the world, and the promotion of electric vehicles is obviously an important initiative for environmental protection. Since the implementation of electric vehicles, various countries around the world have issued subsidy policies related to EV chargers to support the development of the industry, and strengthen the promotion of electric vehicles and the construction of electric vehicle infrastructure, the supportive policies of countries around the world play a vital role in the development of the EV charger industry, subsidy policies along with supplementary demand stimulate the growth of the EV charger industry.

In September this year, the overall car sales in Europe and China, the two most important auto markets, both declined year-on-year, while new energy vehicles bucked the trend and rose.

According to the statistical analysis of the China Association of Automobile Manufacturers, in September, car sales were 2.067 million units, down 19.6% year-on-year. Among them, sales of new energy vehicles reached 357,000 units, up 148.4% year-on-year, continuing to set new records. The market penetration rate of new energy vehicles was 17.3%, and the market penetration rate of new energy passenger cars reached 19.5%.

Sales in Europe in September were similar to that in Europe in August, with car sales in major countries overall down 20-30% in the absence of chips, while new energy vehicles continued to soar on the basis of last year, resulting in a very high penetration rate.

Germany, Norway, Sweden, France, Italy, the United Kingdom and Spain accounted for more than 80% of the sales of new energy vehicles in Europe. The total sales of new energy vehicles in these countries in September was 181,000 units, an increase of 70,000 units over the previous month and a 163% increase from the previous month.

The most typically, Norway has basically completed the electrification, the penetration rate of new energy vehicles is as high as 91.45%, fuel cars are almost pushed out of the market completely. Sweden's penetration rate exceeded 50%, while Germany, France and the UK also exceeded 20%.

According to the S-shaped industrial life cycle theory, newly emerged industries and technologies will step into the steep phase of the S-curve after the penetration rate exceeds the critical point of 10%, which will significantly accelerate the penetration rate.