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歐洲新能源汽車銷量一枝獨秀,有望繼續受益於超預期的刺激政策

今年第一季度,由於疫情影響,全球新能源汽車銷量下滑6%,歐洲汽車整體銷量下滑26.3%,歐洲新能源汽車銷量卻一枝獨秀,季度累計銷量同比增長82%達到22.89萬輛。4月,不少歐洲國家採取了封鎖措施,整體新車銷量大跌78%,但新能源汽車卻錄得相對強勁的表現,德國、英國、法國、挪威四國新能源汽車銷量合計1.86萬輛,同比僅下滑15.22%。新能源車累計市場份額達到了7.8%與2019年的3.6%相比實現了翻倍。

據媒體報道,歐盟正在研究制定綠色經濟復蘇計劃,包括考慮對新能源汽車免征增值稅,提高購買新能源汽車的補貼額度、加快基礎設施建設等。歐盟國家的汽車消費增值稅率大約在17%-25%,力度不小,聯繫到之前歐洲推出嚴格的碳排放法規(2021年排放目標從2019年的112 g/km 下降至95g/km),歐洲對汽車電動化的決心可見一斑。

隨著疫情減輕,大眾、寶馬、戴姆勒、特斯拉等車企業開始陸續恢復生產,歐洲新能源汽車銷量有望回升。

預計相關新能源產業鏈公司將受益於新能源汽車行業的復蘇。個股上,我們推薦關注寧德時代(300750.CH)、拓普集團(601685.CH)、三花智控(002050.CH)。

撰稿: 章晶 研究分析員
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+86 21 51699400-103

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zhangjing@phillip.com.cn
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