The phrase 'Game Changer' is without doubt one of the most overused in the e-mobility sector. We have game-changing news on a daily basis. But it's hard to see this as anything else but game-changing! As this suggests, China is the biggest Auto market in the world, and one the traditional European and US Auto OEMs have been giving significant focus. Not only will this development further push them to electrify their offerings, but it creates a threat to their domestic markets too. How soon before we see more Chinese models in the EU and US?
China’s vice minister of industry and information technology, Xin Guobin, has announced that the Chinese government is currently working on a timeline to end both the production and sales of fossil fuel vehicles. The bold move comes as the government struggles to respond to public outcry in major Chinese cities struggling with crippling air pollution. The move has yet to be finalized with an official timeline and regulation, but the statement reveals that the Chinese government is looking at fossil fuel vehicles as much more than just a solution to air pollution. Xin noted that Beijing plans to “elevate new energy vehicles to a new strategic level” and that they expect the move to have a significant impact on the environment and the growth of the domestic auto industry.