New energy sanitation vehicles sales increased by 27% YOY in Q1 2023

In March 2023, sales of new energy sanitation vehicles were 497 units, a year-on-year increase of 37%, and a month-on-month increase of 97%; in the first quarter of 2023, a total of 1,281 units new energy sanitation vehicles were sold, a cumulative increase of 27% year-on-year. According to the terminal registration data, the year-on-year growth rate of new energy sanitation vehicles in March and the first quarter of this year compared with the sanitation vehicle market are as follows: According to the research analysis, the main reasons are:

First, the national policy promotes new energy vehicles, covering public transportation, rental, sanitation, postal express delivery, urban logistics and other fields, which provides greater impetus for the development of the new energy sanitation vehicles.

Second, the fiscal and economic deficits in many places have reduced the purchase plan of traditional sanitation vehicles.

Third, the sales base of new energy sanitation vehicles in the same period last year was pretty small, which provided opportunities for the year-on-year growth of new energy sanitation vehicles in March and the first quarter of this year.

According to the terminal registration data, the monthly sales of new energy sanitation vehicles in the first quarter of 2023 and the year-on-year ratio:

	Jan	Feb	Mar	Q1
New energy sanitation vehicles sales in 2023	532	252	497	1281
New energy sanitation vehicles sales in 2022	417	226	363	1006
YOY growth	28	11.5	37	27

Monthly sales showed a "three consecutive increases" year-on-year, among which sales in March led the increase by 37% year-on-year;

The sales volume in January was 532 units, a record high for each month in the first quarter of this year.

According to the terminal registration data, the cumulative sales of new energy sanitation vehicles in the first quarter of this year was 1,281 units; while the overall sales volume of sanitation vehicles in the first quarter of this year was 18,724 units, and the market penetration rate of new energy sanitation vehicles was 6.84%, hitting an eight-year record high.

The main reasons are:

First, the continuous efforts of the dual-carbon strategy led to a year-on-year growth of new energy sanitation vehicles in the first quarter of this year (27%), while the overall market for sanitation vehicles in the first quarter of this year declined (-10.7%);

The second is to benefit from the recent introduction of various policies by the state and regions to encourage and support the acceleration of electric vehicles in the public sector, including sanitation vehicles. These policies undoubtedly accelerated the electrification process of the sanitation vehicle market in the first quarter of this year.

Divided by technology route, the proportion of sales of various new energy sanitation vehicles in the first quarter of 2023, and the year-on-year increase or decrease of the proportion: TOP3 Sales of New Energy Sanitation Vehicles in the First Quarter of 2023
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China Special Vehicle Adivsor