China Becomes Latest Country To Consider The Ban Of Gas, Diesel Vehicles

China pushing for electric cars in major market shift  

Regulators haven't decided yet when the Chinese ban would take effect, but work has begun on a timetable, according to China's vice minister of industry, Xin Guobin.

The United Kingdom has pledged a ban on new diesel and petrol vehicle sales by 2040.

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.

Chery EVs on display at the Beijing International New Energy Vehicle exhibition. Liu Zhijia believes a deadline after 2040 is a reasonable one given the size of China's passenger auto market, leaving carmakers enough time to adjust.

Analysts are unanimous on the impact of such bans on the pricing and relevance of oil in the nearest decade.

It is also the largest producer of and market for new-energy vehicles, with more than 500,000 built and sold a year ago.

Total vehicle sales increased 5.3%, compared with August 2016, to 2.19 million, according to the government-backed China Association of Automobile Manufacturers.

The same month, the British government followed suit with a similar plan eyeing 2040 as a deadline to stop sales of new fossil fuel cars. The new measures also form part of China's strategy to cut carbon emissions.

Guolin predicted that the auto industry will be going through some "turbulent times", the Xinhua report said.

China could move to ban the sale of conventional petrol and diesel cars in the future, a senior member of the Chinese Government has hinted.

Global auto giants like Ford, and Volkswagen are aiming to develop fully electric cars in China.

China plans to elevate new-energy vehicles to a new strategic level.

Chinese-owned carmaker Volvo said in July that all its new vehicle models would have an electric motor from 2019.

Volvo Cars, owned by China's Geely Holding Group, announced plans this year to make electric cars in China for global sale starting in 2019.

The move would follow similar announcements made by France and the United Kingdom this year.

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