China to ban sale of fossil fuel cars in E-vehicle push

China to ban sale of fossil fuel cars in E-vehicle push

China to ban sale of fossil fuel cars in E-vehicle push

A possible ban in China, then, may act as another signal that sweeping change is coming for the auto sector - as well as indicate how seriously the country is considering a transition to energy consumption. German Chancellor Angela Merkel also recently revealed that non-electrified cars will be phased out in Germany but wouldn't say when.

"Some countries have made a timeline for when to stop the production and sales of traditional fuel cars", Xin said.

By 2050, all cars on the road will need to have zero emissions.

The decision by China could lead to serious ripples in the automobile manufacturing sector as the country is the largest auto market on the planet.

The news follows a commitment by the UK Government in July to ban the sale of all new petrol and diesel cars from 2040, which was preceded by a similar announcement from France. Hybrid cars will also be permitted. "Because it's an emerging market it's easier to shape by government intervention", said Brace.

By comparison, U.S. companies attempting to make inroads into the Chinese market are failing miserably, with just 738 of EVs sold so far this year out of a total of 2.1m vehicles, including fossil fuel cars.

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Shares of BYD, the country's largest electric vehicle maker surged 7.2 percent, while Guoxuan High-Tech, a manufacturer of batteries for electric vehicles gained as much as 5.3 percent.

"This is an aspirational target", said Anil Kumar Jain, a government energy adviser.

China already suffers from high traffic congestion, and consequently, alarming air pollution levels. But it's also a country where policymakers can make a big difference. That is 0.04% of its 2.1 million vehicles sold in total in China during the seven months.

If families purchasing a auto for the first time buy electric, India could leapfrog ahead of some developed economies.

China may adopt a differentiated timetable with big cities like Beijing and Shanghai achieving the goal as early as 2030 while less developed regions at a later time, he told CNR News.

Norway is leading the way.

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