China eyes ban on gas-powered cars

China eyes ban on gas-powered cars

China eyes ban on gas-powered cars

This constituted 43 percent of global electric auto production and made China the country with the largest number of electric cars on the road, surpassing the United States.

Bloomberg quoted the country's vice minister of industry and information technology, Xin Guobin, as saying the ministry is working with regulators on the timetable of the phasing-out.

Nigeria, Africa's largest producer of oil, might be in for a big one as China, world's biggest auto market, plans to ban the production and sale of diesel and petrol vehicles. The UK and France have pledged to be fully electric by 2040-the UK is investing €1 billion in ultra-low emissions vehicles and close to €1 million in the country's charging infrastructure.

Sales of so-called new-energy vehicles (NEVs) - all-electric battery vehicles as well as plug-in petrol-electric hybrids - surged 76.3 percent in August, taking the year-to-date total to nearly half of CAAM's full-year forecast of 700,000 NEVs.

With China also mulling quotas for electric vehicles - another move that could jolt the industry, traditional auto giants from Europe, the United States and Japan have no time to waste in expanding their ranges of hybrid and electric cars, experts say.

Xin said any resistance to change will mean "turbulent times" for vehicle companies in coming years.

In April, the government said it hoped that by 2035 one-fifth of all vehicles sold would be electric, spurring huge growth among domestic carmakers.

China has done considerably well to make the automobile manufacturers produce and sell new electric vehicles. Energy-saving and emission reduction requirements are increasing, the development of new-energy vehicles is becoming more technically demanding and intelligent vehicles are expected to have a profound effect on the industry. This is going to result in an unprecedented reign of electric cars. Worldwide carmakers such as Volkswagen and Ford are looking to develop a line of fully electric vehicles in China, while GM is already selling the Bolt a fully electric vehicle in the US and Baojun 100 a tiny vehicle in China.

Últimas noticias