China’s chase on electric cars is attracting more seriousness: The country is has it in plan to stop the sale of fossil(crude oil) fuel-powered cars totally, with controllers working recently on a plan of the time the ban will be effective, according to Bloomberg.
China has the largest auto market globally, with 28.03 million vehicles in sale in 2016, a rise in demand of 13.7% as against 2015 sales figure.
The nation has actually done so much to motivate manufacturers to build and sell new electric vehicles(EV), allowing international automakers to make a 3rd joint project with domestic automakers (a standard need for transacting in the country for auto OEMs) so far it’s devoted to the making of EVs uniquely.
The government has also made a quite amount of incentive initiatives for OEMs, subsidies inclusive.
This will compliment to its positive attempt to drive more EV sales in China with the final negative state on the other side – at some levels, automakers will not just be able to transact at all in the country if they are still selling a mix of fossil fuel and electrified automobiles.
Read also: Tesla Electric Cars Are Coming Your Way Soon
This is not the first time a governing agency has attempted phase out the sale of traditional fuel automobile: France has mentioned it will stop the sale by 2040 in July, and the United Kingdom has committed to the same timeline for selling those vehicles.
Critics have made a suggestion that a ban on fossil fuel vehicles is probably unrealistic, as it would extend an already strained supply chain, which has some hard restrictions in terms of the size of lithium availability for lithium-ion battery cells, for example.
However, automakers are already reacting to this upsurge trend with widened EV model listings and, about Volvo, take an instance, procedure to finally sell differently all-electric or hybrid vehicle.
China’s timeline to start this ban will be important in terms of how rapidly we view the international shift to EVs exist, as it’s will be a great lever in terms of auto manufacturer strategic planning globally, also in the country.