China gives automakers more time in world鈥檚 biggest EV plan
Bloomberg
China is giving automakers an extra year to prepare for phasing out fossil-fuel powered vehicles in the world鈥檚 largest auto market, reports Bloomberg. Carmakers will need to fulfil e-car quotas from 2019, one year later than originally planned, or face penalties. 鈥淐hina is sending a clear signal to large automakers that had been dragging their feet on EVs that it鈥檚 time to get on board,鈥� said Colin McKerracher, a London-based analyst at Bloomberg New 麻豆无码版 Finance.
German automakers and said they welcomed the introduction of the quotas. The companies had lobbied fiercely for a relaxation of China's e-car ambitions.
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