When China first announced its plans to slap EV production quotas on local carmakers back in 2017, the news got a lot of coverage. The media placed emphasis on the fact that the country was already the largest EV market, and an EV quota of 10 percent would go a long way towards boosting global EV adoption, giving EV proponents one more thing to boast about. Initially the quotas were scheduled to take effect this year, but the introduction of the quotas was postponed until 2019. With the quotas once again on the horizon, the fate of China’s EV production is poised for a change. According to a Bloomberg analysis of the changes, EV sales in China will rise but not by a lot. Currently, Bloomberg New Energy Finance has calculated, EV sales in China represent just 3 percent of the total. By 2020, these will probably rise by […]