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China Fossil Fuel Deadline Shifts Focus to Electric Car Race
Key Excerpts from Article on Website of Bloomberg


Bloomberg, September 10, 2017
Posted: September 18th, 2017
https://www.bloomberg.com/news/articles/2017-09-10/china-s-f...

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of Chinas auto industry, Xin said at an auto forum in Tianjin on Saturday. The worlds second-biggest economy, which has vowed to cap its carbon emissions by 2030 and curb worsening air pollution, is the latest to join countries such as the U.K. and France seeking to phase out vehicles using gasoline and diesel. The looming ban ... will goad both local and global automakers to focus on introducing more zero-emission electric cars to help clean up smog-choked major cities. The implementation of the ban for such a big market like China can be later than 2040, said Liu Zhijia, an assistant general manager at Chery Automobile Co., the countrys biggest passenger car exporter. The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit). Norway and the Netherlands are considering a more aggressive way to put an end on fossil fuel cars years earlier than its European peers.

Note: According to a recent study, subsidies propping up the global fossil fuel industry "were $4.9 tn in 2013 and they rose to $5.3 tn just two years later."


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