China, the biggest car market in the world, is planning to end production and sale of traditional fuel cars, aiming to fight pollution, reports said, citing a Cabinet official. The country plans to promote development of electric technology.
Xinhua News Agency reported, citing deputy industry minister, Xin Guobin, that his ministry has begun research on formulating a timetable to stop production and sales of traditional energy vehicles.
"Those measures will certainly bring profound changes for our car industry's development," Xin Guobin told Xinhua.
China reportedly produced 28 million cars last year, almost a third of the global total.
With the move, China joins UK and France, which have already announced plans to ban new diesel and petrol vehicles by 2040 in their efforts to reduce pollution and carbon emissions.
China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025. Last year, China passed the United States as the biggest electric car market. Sales of electrics and gasoline-electric hybrids rose 50 percent over 2015 to 336,000 vehicles, while U.S. sales totaled 159,620.
Volvo Cars, owned by China's Geely Holding Group, in July had said that all its new car models would have an electric motor from 2019. Geely aims to sell one million electric cars by 2025.
Renault-Nissan, Ford and General Motors announced earlier that they are launching or looking at joint ventures with Chinese partners to develop electric cars in China.
The proposed move would have a severe impact on oil demand in China, which is currently the world's second-largest oil consumer after the US.
by RTT Staff Writer
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