China is the biggest market in the world when it comes to pretty much anything nowadays, and cars are no exception.
More cars are sold in China than anywhere in the world, but that might all be about to change.
China’s state media has announced the nation’s industry ministry is developing a timetable which will set out the end of production and sale of fuel cars.
They will also promote electric technology under the new plan, according to a Cabinet official.
There is no target date as of yet, reports The Independent, but the change in legislation and tariffs could impose a massive burden on car manufacturers around the world.
This will pressurise developers to accelerate development of other car models that run on electric energy, which is clean at the point of use.
Xin Guobin, a deputy industry minister, made the announcement at an auto industry forum on Saturday.
He said his ministry has begun ‘research on formulating a timetable to stop production and sales of traditional energy vehicles’.
This is according to the Xinhua News Agency and the Communist Party newspaper People’s Daily./UNILAD