China Aims To End Sale, Production Of Gas-Powered Cars

Xin spoke about China's plan to stop sales and production of the polluting vehicles at an automobile forum over the weekend in Tianjin. Norway and the Netherlands are considering a more aggressive way to put an end on fossil fuel cars years earlier than its European peers.

According to a report in Bloomberg, Chinese regulators are working on a timetable for the ban, which will set a deadline for automakers to end sales of fossil-fuel powered vehicles.

"These measures will promote profound changes in the environment and give momentum to China's auto industry development", China's Vice-Minister of Industry and Information Technology Xin Guobin has said.

Mr Xin said the policy would be implemented "in the near future", according to the official Xinhua news agency.

Local companies that make electric vehicles enjoy subsidies from the government.

Dozens of different models already are available in the second largest economy in the world. Government mandates will require manufacturers to sell 8% of their vehicles with electric or hybrid power trains from next year, or purchase credits to make up the difference, rising to 20% by 2025.

General Motors, Volkswagen and other major automakers have made regular cars with Chinese partners for decades.

The Chinese market is already dominated by domestic manufacturers like BAIC and BYD, which have aggressively pursued the electric vehicle business.

Chinese officials have not yet given a timeline for when the ban will take place. China registered 336,000 electric cars in 2016, to the US's 159,620.

China, plagued with air pollution, has been quick to adopt the new technology. While China invests heavily in a cleaner world that runs on lithium, U.S. President Donald Trump continues to cosplay as a coal miner. At the same time however, this shift to electric vehicles (EVs) would increase demand for batteries and the components required to manufacture them.

China is preparing to announce the date from which internal combustion engine auto sales will be banned, joining Norway, France, and the United Kingdom, among others, that have declared a complete shift to electric vehicles. They now limit the number of conventionally powered vehicles that can be registered each month, though those restrictions are waived for qualified alternative-powered models.

  • Leroy Wright