China sets its calendar to abandon internal combustion cars

China sets its calendar to abandon internal combustion cars

Xin Guobin, vice minister of Industry and Information Technology, said the government is working with other regulators on a timetable to end production and sales.

The ban on the sale of fossil fuel vehicles is estimated to take effect in 2040, giving manufacturers time to adapt to the measure.

The government offers generous subsidies to new energy vehicle manufacturers. It also plans to require automakers to earn enough credits or buy them from competitors with a surplus under a new credit program.cap-and-trade for fuel economy and emissions.

China is not the first country to decide to abandon cars with internal combustion engines. Previously, Germany adopted a resolution banning cars with internal combustion engines from 2030. Similar initiatives have been taken in other European countries, such as France and the United Kingdom. Also, automakers such as Volvo and Jaguar Land Rover have announced similar plans.

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