Electric motorcycles also belong to the motorcycle industry

Complete motorcycle manufacturing refers to the manufacturing of motorcycles with or without sidecars. According to the "National Economic Industry Classification and Code" formulated by the National Bureau of Statistics, China classifies motorcycle manufacturing into the motorcycle manufacturing industry (C375) in the transportation equipment manufacturing industry (National Bureau of Statistics code C37), and its statistical level 4 The code is C3751. From 2019, after the new national standard for electric vehicles is implemented, electric vehicle mopeds and electric motorcycles are also motorcycles and belong to the category of motor vehicles. They must hold a D, F, or E class driving license to drive on the road. .

Electric motorcycles have greater advantages

Comparing the performance, price, safety and other indicators of electric motorcycles and fuel motorcycles, electric motorcycles are cheaper and the cost of use is lower. It is lower and has almost no pollution during use, so it has more development advantages as a means of transportation in the city.

Policies promote the green development of the industry

In recent years, with the continuous implementation of the carbon neutral carbon peak policy, my country has also proposed green development policy goals for the motorcycle industry. In the past , the development of my country's motorcycle industry has been in a relatively disordered state. Many motorcycles with excessive emissions are illegally put on the road without permission. Electric motorcycles have not been clearly defined in the past, and there are many loopholes in supervision and technical indicators. , Therefore, in recent years, the state has actively promoted the standardized and green development of the motorcycle manufacturing industry in terms of policies.

The electric motorcycle market continues to expand, but the overall market is still dominated by fuel vehicles

Judging from the sales volume of motorcycles in our country, our country’s motorcycle sales have entered a landslide since 2014. In 2018, industry sales data reached a low in recent years, at 15.5705 million vehicles. Then it began to pick up. Affected by the epidemic in 2020, it was only a slight decrease compared with 2019. From January to November 2021, my country's motorcycle sales reached 18.4445 million units, exceeding the data for the whole of 2020.

Based on the classification of power sources, motorcycles have been dominated by fuel motorcycles in the past. In recent years, with the development of carbon neutrality and carbon peaking policies, the electric motorcycle market has also continued to expand. However, my country’s The motorcycle industry is still dominated by fuel motorcycles. According to data, from January to November 2021, my country's production and sales of fuel motorcycles were 14.8376 million and 14.8039 million, a year-on-year increase of 17.61 and 16.79; the production and sales of electric motorcycles were 3.6559 million and 3.6407 million, a year-on-year increase of 4.25 and 4.26.

Industrial transformation is accelerating, and the proportion of electric vehicles is expected to further increase

Qianzhan believes that in 2021, the output of my country's motorcycle industry will gradually come under control as the epidemic continues, and the industry will usher in a substantial recovery. Production exceeded 20 million vehicles. In the following years, my country's motorcycle supply and demand will still be affected by national environmental protection policies, and the industry development and transformation process will be further accelerated. Therefore, the growth rate of motorcycle production will slow down, and more will be substituted within the industry. As policies and the advantages of electric motorcycles continue to emerge, the proportion of electric motorcycle production will further increase. Looking ahead, it is estimated that my country's motorcycle output will reach 22.5 million units in 2027, with a compound annual growth rate of approximately 5%, of which the proportion of electric motorcycles will increase from 20% to 30%. The above data comes from the "China Motorcycle Manufacturing Industry Production, Sales Demand and Investment Forecast Analysis Report" by the Qianzhan Industry Research Institute