30 Sep '16, 1pm

@greentechmedia

China could end up adopting a zero-emission vehicle mandate much sooner than expected, according to a leading analyst. Colin McKerracher, head of advanced transport at Bloomberg New Energy Finance, said the policy switch could happen “in the next couple of years.” Policymakers were said to be mulling the change in August , just before news broke that a number of Chinese manufacturers were engaged in fraud and abusing the country’s current electric vehicle subsidy scheme. Last month Suzhou-based Gemsea Coach was stripped of its production license after faking documents to collect 261.6 million yuan (USD $39 million) in subsidies for 1,131 vehicles that never made it onto the road. Meanwhile, four other manufacturers -- Chery Wanda Bus, Higer Bus Co., Shaolin Bus and Shenzhen Wuzhoulong Motors Group -- received fines worth half the value of subsidies they had taken. Altogeth...

Full article: http://www.greentechmedia.com/articles/read/china-to-brin...

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