Febrero 19, 2018

The World's Largest Car Market Might Ban Gas Vehicles

12 Setiembre 2017, 11:24 | Dolorita Barahona

Roar deal the footloose pride is too close to human communities for comfort

Roar deal the footloose pride is too close to human communities for comfort

Bernstein has predicted that electric cars will hold 40 percent of global vehicle sales in 2037.

He said automakers should have a thorough understanding of the situation and readjust their strategies. "The approach is the right one", Chancellor Angela Merkel said last month, though she hesitated about offering a timetable for such a move in the land of the Autobahn, saying, "I can't give you a precise year yet".

Last year, China passed the United States as the biggest electric vehicle market. However, automakers would be required to cease the sale of fossil fuel cars in order to drive more electrified vehicles sales.

The China announcement is another step in the country's continuous plans for renewable energy.

China is pushing automakers to embrace battery-powered vehicles by announcing it would eventually ban the sale of gasoline- and diesel-powered cars in the country.

Under the current plans, sales of battery-powered cars in China could top 400,000 by 2019, making up about two-fifths of the world's sales of such cars.

The investment legend took a stake the firm as it is in the middle of buying Japan's GLM, which makes electric sports cars, and plans to license its technology in China, Bloomberg News reported.

On June 13, the MIIT released for public discussion a policy document about fuel consumption control and new energy vehicle credits.

Guolin predicted that the auto industry will be going through some "turbulent times", the Xinhua report said. In exchange, China offers them an opportunity to exploit the enormous global market for electric cars. The startup is working with state-owned Anhui Jianghuai Automobile Group, which also is in a venture with Volkswagen AG to introduce an electric SUV next year.

China produced and sold more than 28 million vehicles previous year, according to the International Organisation of Motor Vehicle Manufacturers. The International Energy Agency believes the use of oil in passenger cars has already more or less peaked, with just 7% of demand growth by 2040 coming from the sector. Here, Xin was likely referencing the United Kingdom and France, which have announced they will ban new petrol and diesel cars starting in 2040.

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