China, the world’s largest car market, has set the 2019 “new energy vehicles” sales quota for automakers at 10% of their annual vehicle sales for that year. In 2020, the quota will rise to 12% of annual sales.
China’s ministry of industry and information technology said that producers, as well as importers, would need to prove that at least 10% of the cars they sell in 2019 are new energy vehicles or pay hefty fines. These comprise electric and plug-in hybrid vehicles.
“Today’s announcement by China…is a game changer in decarbonising transport and a wake-up call to the EU to not be left behind in cleaning up its car fleet,” the sustainable transport group Transport & Environment (T&E) said in a statement.
“This is the single most important piece of EV legislation globally,” said Colin McKerracher, a London-based analyst at research organisation Bloomberg New Energy Finance.