China going from 2% electric cars last month to 20% in 2025 to possibly 100% in 2030
China is requiring automakers (making over 30,000 cars per year) to make zero- and low-emission vehicles- of at least 10 percent starting in 2019, rising to 12 percent in 2020. Car makers that do not meet those targets must buy credits or face fines. The targets look achievable for the industry as a whole, McKerracher said. Considering the credit structure, 12 percent in 2020 would translate to about 4 percent to 5 percent of actual vehicle sales.