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China to Ease EV Sales Targets
China’s central government has agreed to adjust its aggressive timetable for boosting sales of electrified vehicles—but has provided no details, Reuters reports.
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China’s central government has agreed to adjust its aggressive timetable for boosting sales of electrified vehicles—but has provided no details, Reuters reports.
The news service cites comments by Chinese Premier Li Keqiang that a “solution” had been reached after his meeting with German Chancellor Angela Merkel and auto industry executives.
Handelsblatt cites sources who say China has agreed to stretch out the sales timetable on condition that carmakers be required to make up for any initial shortfall.
Government planners proposed last September that carmakers be ordered to achieve a “new-energy vehicle” score of 8% by the end of 2018. The rating is to be calculated according to a weighted measure of each company’s production of electric and hybrid vehicles.
But carmakers say the schedule is too aggressive. The China Assn. of Automobile Manufacturers agrees estimates that the average rating for carmakers last year would have been 3%.
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