One of the largest markets for growing auto sales is China, with millions more cars coming on the road. So far, that has led to a huge demand for fossil fuels, but that could be changing.
China has announced that they have set aggressive targets for the sale of electric and hybrid vehicles.
By some estimates, this decision could end up saving over $80 in oil import costs and also make the country less energy-dependent.
An Autoblog report shared some interesting details.
“China has not yet set a date when it will ban the production and sale of traditional cars, but an industry official said last month that NEVs will account for 50% of all new car sales by 2035, with hybrid vehicles making up the remainder.”
Some projections say this could happen a lot sooner, and they expect 40% of all vehicles to be electric by 2030.
Increasing local production of EVs may not keep up with demand, and it could be a push for international companies to scale up their fleets to more sustainable energy sources.
It’s a large scale push that could prove how possible such a move is.
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
Sustainable Living ,
World’s Largest Population Moves Towards EV
by : Chris Bolt | Published: December 26, 2020
China has announced that they have set aggressive targets for the sale of electric and hybrid vehicles.
One of the largest markets for growing auto sales is China, with millions more cars coming on the road. So far, that has led to a huge demand for fossil fuels, but that could be changing.
China has announced that they have set aggressive targets for the sale of electric and hybrid vehicles.
By some estimates, this decision could end up saving over $80 in oil import costs and also make the country less energy-dependent.
An Autoblog report shared some interesting details.
“China has not yet set a date when it will ban the production and sale of traditional cars, but an industry official said last month that NEVs will account for 50% of all new car sales by 2035, with hybrid vehicles making up the remainder.”
Some projections say this could happen a lot sooner, and they expect 40% of all vehicles to be electric by 2030.
Increasing local production of EVs may not keep up with demand, and it could be a push for international companies to scale up their fleets to more sustainable energy sources.
It’s a large scale push that could prove how possible such a move is.
Chris Bolt
Chris is one of GreenCitizen’s writers who has been a long-time advocate of individual responsibility when it comes to the environment. He shares GreenCitizen's passion for making the world a better place every day of the year.
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