China issues NEV quotas for automakers: 10% of sales in 2019 and 12% in 2020

30 Sep 2017   China, Electric Cars

China has issued its anticipated new regulation requiring most automakers to sell a minimum number of new energy vehicles (NEVs) (battery-electric and plug-in hybrid) annually from 2019 as part of the country’s broader effort to curb carbon emissions by reducing the use of fossil-fuel-powered vehicles. The new policy from China’s Ministry of Industry and Information Technology requires that sales of NEVs reach a threshold equivalent to 10% of an automaker’s total sales in 2019 and 12% in 2020. The regulation applies to carmakers that produce or import more than 30,000 conventional vehicles annually—lower than the 50,000 threshold earlier mentioned in a policy draft—and includes more vehicle companies in the evaluation system. Compared with the draft regulation, the new policy […]

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