Key investment points
With the improvement of fuel efficiency standards, the transformation of automobile enterprises is imperative
In the new EPA policy, the vehicle fuel efficiency standard has been raised from 32mpg (about 7.35l / km) to 40mpg (about 5.88l / km) during Trump's period, exceeding the 38mpg standard formulated in early August. The increase of fuel efficiency standard will greatly increase the proportion of new energy vehicles, reduce the output of fuel vehicles and increase the proportion of pure electric vehicles.
Cafe points and fines increased, benefiting new energy vehicle enterprises
In the supplementary provisions of cafe policy, the penalty rate is increased from US $5.50/0.1 to US $14 / 0.1, and the application period is revised from 2022 to 2019. Under the high penalty rate, traditional vehicle enterprises will buy a large number of points from new energy vehicle enterprises, and the price of points may rise sharply, so as to promote the development of new energy vehicle enterprises, promote the transformation of traditional fuel vehicle enterprises to new energy, and increase the proportion of new energy vehicles.
Policy requirements + economy driven, American tram exceeded expectations
More stringent fuel standards, a substantial increase in the penalty base, the transformation of traditional vehicle enterprises into electric vehicle production, driven by integral economy, will greatly stimulate the production and sales of new energy vehicles. It is estimated that the sales volume of electric vehicles in the United States will increase to 66 / 132 / 211 million from 2021 to 2023.
