The Chinese government just imposed rules that 10% of all new car sales in 2019 and 2020 must be Electric Cars, rising to 12 percent in 2021.
China is the world’s largest new car market, which currently buys 28+ million new cars per year (that is 1/3 of all new cars and vans sold in the world).
China gets serious about switch to EVs with highest electric car quotas in the world.
The new Chinese electric car regulations go much farther than than the total number of EVs that will be added by the ZEV mandates adopted by California and 12 other states in the USA. The new laws passed by Beijing will include: BEVs, Plug-in Hybrids and Hydrogen Fuel Cells and will stay in affect through 2021. The new requirements affect all car manufacturers that sell more than 30,000 units a year in China —- after 2021 the percentage of required new EVs will likely increase even higher, however, the exact percentage will be unknown until announced by China’s Ministry of Industry and Information Technology.
This is big news for world’s automotive market and will no doubt be a pivotal point in automotive history that will mark the phasing out gasoline and diesel-powered cars.
China is also on track to finish building a network of 800,000 EV charging points by the end of 2019.