10 Sep '17, 7pm

China Plans To Ban Fossil Fuel Vehicles

China Plans To Ban Fossil Fuel Vehicles

The Chinese government already offers overly generous incentives for the purchase of alternative fuel vehicles. The result is that the prices of plug-in cars are often competitive or even lower than conventional fuel vehicles today. The incentives have come at a cost and have been politically divisive, which is why the country is instead shifting towards a cap-and-trade model. The new model requires automakers to build a percentage of alternative fuel vehicles (“new energy vehicles”) or buy credits from competitors who have an excess of the credits. It’s a program reminiscent of the California Zero Emission Vehicle (ZEV) mandate.

Full article: https://cleantechnica.com/2017/09/10/china-announces-inte...

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