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.
A spokeswoman for France’s PSA Group said the delay was good news but that the company was fully prepared to meet the quotas regardless. Obtaining an energy score of at least 10 percent in 2019 can be achieved if 2.5 percent of PSA’s Chinese production is electric.
China going from electric cars being 2% of new cars sold to 20% in 2025 to possibly 100% in 2030
In October 2017, 2% of new cars sold in China were electric cars.
Volkswagen, which has a large footprint in the market and sells more vehicles in China than in Europe, has said it will offer 30 electric models by 2025, but the first of those won’t hit the market until 2020.
China is calling for the production of 2 million electric vehicles (EVs) a year by 2020, and 7 million a year by 2025. By 2025, electric vehicles would be 20% of total new car production for China.
China’s government said it was working on a timetable to phase out fossil-fuel powered vehicles. It is probable that China will pick 2030.
China Leading Electric Car maker BAIC will export electric cars to USA and Canada in 2018
Chinese car-maker BAIC, which assembles cars in the Mexican state of Veracruz, said on Friday that it plans to export cars from Mexico to the United States and Canada starting in 2018.
Yang Nanhua, director general of BAIC in Mexico, said the plan would go into action “unless something drastic happens with the North American Free Trade Agreement (NAFTA).”
BAIC would bring four new models into Mexico in 2018, including an electric vehicle with a range of up to 200 km
