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Old 09-10-2017, 01:02 PM
62Lincoln 62Lincoln is offline
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Default China Planning End of Sale of Gas Powered Cars

A bit vague on the timing, but if the gist of this is accurate, this will certainly influence product planning at the large manufacturers - VW and GM come to mind immediately:

China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars.

Chinaís industry ministry is developing a timetable to end production and sale of traditional fuel cars and will promote development of electric technology, state media on Sunday cited a Cabinet official as saying.
Beijing has supported electric development with billions of dollars in research subsidies and incentives to buyers, but is switching to a quota system that will shift the financial burden to automakers.

Under the proposed quotas, electric and hybrid gasoline-electric vehicles would have to make up 8 percent of each automakerís output next year, 10 percent in 2019 and 12 percent in 2020. Automakers that fail to meet their target could buy credits from competitors that have a surplus.
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