Electric cars are about to get their biggest boost ever

The largest and fastest-growing car market in the world is going to ban the sale of new gasoline and diesel cars. China has announced plans to join the rapidly expanding list of countries with plans to phase out fossil fuel-burning cars, a list that includes the UK, France, Norway, and India.

“These measures will promote profound changes in the environment and give momentum to China’s auto industry development.”said vice minister of industry and information technology, Xin Guobi, at a recent Chinese forum on cars. China has moved swiftly to be the world’s largest producer and buyer of electric cars — motivated by a desire to reduce urban air pollution, greenhouse gas emissions, and oil imports.

“Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” and his ministry will do so “in the near future,” he said.

China manufactured and sold more than 28 million vehicles last year — and still only one in five Chinese people own a car, so China’s regulations have profound implications for the global car market. Foreign manufacturers are already racing to establish partnerships with Chinese companies to manufacture electric vehicles (EVs).

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