The world's largest automobile market is about to turn into an electric vehicle hub with no more fossil fuel vehicle production . On Sunday, China announces that it's planning to totally forbid the sale and production of the fossil-fuel powered vehicles.
The national regulators are working to come up with the precise timetable to impose the ban, says country’s vice minister of industry and information technology, Xin Guobin.
According to a report by the Bloomberg China is working to ban the fuel based vehicle in the country with the aim to encourage local electric vehicle manufacturers.
China owns the largest automobile market in the world with the sale of 28 million vehicles in 2016 which 13.7 percent more as compared to 2015 records.
Xin Guobin also said, the government wants to encourage the growth of Electrical vehicle production in the country to vanish the fossil -powered vehicles. The country has already shown its intentions to make the nation pollution-free by continuously incentivizing the local manufacturers to produce more EVs. China has also allowed the foreign companies to manufacture battery based vehicle in a collaboration with local firms. As a result of the county’s efforts, the sale of the alternative to fossil fuel energy based vehicle has reached 500,000 in 2016 which 50 percent more vs. to 2015.
However, experts claim that conversion of vehicle production to electricity based vehicle on a global scale is impractical, considering the dearth of lithium which is used for such vehicles needed to produce lithium-ion battery cells. With the shrinking market of fossil fuel based vehicle automakers also planning to go fully electric. Companies such as Aston Martin and Jaguar Land Rover intended on producing electric vehicles alone by by 2020 and 2025 respectively.
China isn't the first and the only nation which is pulling out its hands from the production and sale of traditional fuel vehicle. UK and France have also announced to phase out the sale of fossil fuel vehicles by 2040.
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