7 years ago
China is making it harder to produce fossil fuel cars
China announced today that carmakers who want to produce fossil fuel-powered cars must first obtain a new energy vehicle score by producing zero-emission and low-emission cars, as first reported by Bloomberg. The new rule applies to automakers who make or import over 30,000 fossil fuel cars a year. Carmakers need to meet the following quotas: by 2019, at least 10 percent of the cars they make must be electric, and by 2020, at least 12 percent must be electrical. If a carmaker doesn’t have enough credits, they will then need to buy them or face fines.
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