China to push electric cars
– China should adopt a plan that will result in electric vehicles make up a quarter of all cars sold in the country in six years’ time, the industry ministry said yesterday, as the sector struggles with falling sales.
A draft blueprint for the development of the “new energy vehicle” sector, which includes hybrids and fully electric vehicles, comes after the government withdrew subsidies for carmakers earlier this year.
China is the world’s largest new energy vehicle market, but sales of electric motors plummeted 34% year-on-year in September, according to the China Association of Automobile Manufacturers.
The ministry of industry and information technology’s draft proposal said China should seek to ensure one in four of all vehicles sold in 2025 were either hybrids or fully electric vehicles.
The measures are partly to ensure the country meets its air pollution targets, and to reduce dependence on imported oil.
The draft proposal, which includes guidelines for the development of the new energy vehicle sector from 2021 to 2035, is open for public feedback until December 9.
The government had said it was planning to impose quotas requiring carmakers to maintain a certain percentage of new energy vehicles.