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China Refuses to Ease EV Sales Targets
China has affirmed its aggressive sales targets for electrified vehicles, ignoring a one-year delay apparently agreed to two weeks ago by Premier Li Keqiang.
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China has affirmed its aggressive sales targets for electrified vehicles, ignoring a one-year delay apparently agreed to two weeks ago by Premier Li Keqiang.
A draft from China’s Ministry of Industry and Information Technology asserts that each carmaker must generate “green” vehicle credits equal to 8% of sales next year, 10% in 2019 and 12% in 2020. The credits per vehicle vary depending upon whether the car is all-electric or a plug-in hybrid.
Carmakers complain that the targets are too ambitious. Li said earlier this month he had arrived at an unspecified “solution” after talks with Merkel. Media reports indicated the leaders had agreed to a one-year delay. But Reuters says the latest draft for the plan indicates no change from the original schedule presented last September.
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