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China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars: a Cabinet official has revealed that the country’s industry ministry is developing a timetable to end the production and sale of traditional fuel cars and promote development of electric technology. Beijing is stepping up pressure on automakers to accelerate development of electrics.
China is the biggest auto market by number of vehicles sold, giving any policy changes outsize importance for the global industry. A deputy industry minister, Xin Guobin, said at an auto industry forum on Saturday his ministry has begun "research on formulating a timetable to stop production and sales of traditional energy vehicles," according to the Xinhua News Agency and the Communist Party newspaper People's Daily.
China is the biggest auto market by number of vehicles sold, giving any policy changes outsize importance for the global industry. A deputy industry minister, Xin Guobin, said at an auto industry forum on Saturday his ministry has begun "research on formulating a timetable to stop production and sales of traditional energy vehicles," according to the Xinhua News Agency and the Communist Party newspaper People's Daily.