Analysis of the Dynamic Influence of New Energy Automobile Market Expansion on Fuel Vehicle Market Share

Global environmental issues, countries all focus on green and low-carbon development, industrial structure transformation (industrial transformation). The industry's awareness of low-carbon production has gradually increased. With the encouragement of the Chinese administration, new energy automobile have been introduced into the Chinese auto market on a large scale, and financial subsidies have been given to the research, production and promotion of new energy automobile, which promoted the development of new energy automobile and the fuel vehicless transformation. The government's support has improved the technology of new energy automoblile, which is more cost-effective than fuel vehicles and improves driving safety and comfort. In the data from 2017 to 2023, the share of new energy automoblile in the automotive industry continues to rise. The expansion of the new energy vehicle market will reduce the market share of fuel vehicles. The data on the share of Chinese cars shows that new energy automobile have strong competitiveness in the automotive industry.