China sets green car dead­line

The Advertiser - - WORLD -

CHINA has set a dead­line of 2019 to im­pose tough new sales tar­gets for elec­tric plug-in and hy­brids ve­hi­cles, slightly re­lax­ing an ear­lier plan to launch the rules from next year.

Car­mak­ers will need to amass cred­its for so-called new-en­ergy ve­hi­cles equiv­a­lent to 10 per cent of an­nual sales by 2019, China’s in­dus­try min­istry said in a state­ment on Thurs­day. That level would rise to 12 per cent for 2020. A sin­gle ve­hi­cle can gen­er­ate mul­ti­ple cred­its, mean­ing the pro­por­tion by NEVs by vol­ume would likely be lower.

The tar­gets closely mir­ror pre­vi­ously an­nounced plans, but re­move an ex­plicit 8 per cent quota for 2018, in ef­fect giv­ing car­mak­ers an ex­tra year’s grace pe­riod.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.