Toyota: Why HEVs are attracting attention in China
-Introduction of China’s carbon zero policy-
Toyota Motor
Chinese joint venture
GAC Toyota
SUV Venza-HEV:
In January 2022, the luxury SUV “Venza” was released.
The target is the middle and wealthy people in China.
The price is 210,000 to 300,000 yuan (3.95 million to 5.5 million yen)
There are 3 grades of HEV.
The price difference between HEVs and gasoline-powered vehicles has shrunk to 30,000 yuan (540,000 yen).
SUV Front Lander-HEV:
An SUV front lander is also on sale to meet the demand for first cars.
This HEV will be launched within 2022.
Chinese government electrification strategy:
The Chinese government has revised its BEV-focused electrification strategy in light of international commitments and environmental measures.
He showed a policy to promote energy-saving vehicles.
HEVs are also included in energy-saving vehicles.
It will be a tailwind for Japanese companies to sell HEVs.
Japanese car
China passenger car market share
It was 24.1% in 2020, showing the highest performance in the last 10 years.
The energy-saving performance of HEVs was highly evaluated.
Chinese Government CAFC:
The Chinese government has implemented CAFC (Corporate Average Fuel Economy) for passenger car manufacturers.
This is “a fuel economy reduction target with penalties that promotes energy conservation in automobiles.”
Increase average mileage every year:
The “average mileage of gasoline-powered vehicles (km / L)” will be raised every year.
We demand the improvement of energy-saving technology for all gasoline-powered passenger cars.
Preferential NEV production obligations:
An “engine vehicle with better fuel efficiency than CAFC” is defined as a “fuel-efficient vehicle.”
Give preferential treatment to NEV production obligations.
In particular,
In 2022, compared to 30% of fuel-efficient vehicle production
Compared to 20% of fuel-efficient vehicle production in 2023
NEV production obligations are imposed.
“If you produce a lot of fuel-efficient vehicles, you can produce a small number of BEVs.”
You can see the “intention to evaluate manufacturers with a track record of producing fuel-efficient vehicles.”
Energy saving effect of HEV:
The energy-saving effect of HEVs is likely to reach the standards for fuel-efficient vehicles.
“HEV is attracting attention as a car model that is easy to clear CAFC.”
Electrification | Toyo Keizai Online