Nigeria in trouble as China prepares to ban petrol, diesel vehicles

by Harriet Bell September 12, 2017, 0:31
Nigeria in trouble as China prepares to ban petrol, diesel vehicles

The country, home to the world's largest auto market, is working on a plan to ban the production and sale of vehicles powered exclusively by fossil fuels, officials say.

Last year Chinese passenger-car sales surged 16%, but the growing maturity of the world's largest auto market, coupled with January's sales-tax increase, has tempered demand this term.

Xin Guobin, vice-minister of industry and information technology told the Chinese news agency Xinhua that Beijing has already begun researching a "timetable to stop production and sales of traditional energy vehicles".

The plan would follow decisions by France and Britain which have announced plans to ban the manufacturing and sales of cars running on traditional fuels.

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Will China become the next country to ban conventional diesels and petrols?

The government offers generous subsidies to makers of newenergy vehicles.

Such a drastic pivot in a market as large as China's won't come without challenges. The Chinese government is reported to be working with regulators over the timeline for discontinuing production and sales of vehicles running on fossil fuels.

The world's biggest auto producer and manufacturer produced and sold over 28 million vehicles in 2016.

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The news comes close off the back of similar plans in France and the United Kingdom, to segue away from fossil fuel-cars and towards electric vehicles.

Market leader Volkswagen sold a few hundred "green" cars among the four million vehicles it sold in China in 2016, but the German manufacturer plans to sell around 400,000 new-energy vehicles in the country by 2020 and 1.5 million by 2025. Volvo announced that all its cars will be electric or hybrid from 2019.

According to a Bloomberg report, available here, the world's biggest oil importer, China is looking to ban fossil-fueled cars in the country.

Xin said any resistance to change will mean "turbulent times" for auto companies in coming years.

More news: US House passes bill to clear path for self-driving cars

The China announcement is another step in the country's continuous plans for renewable energy.

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