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Not exact matches
Nowhere is the climate fight more important than in
China, the world's largest spewer of greenhouse gases, which is in the midst of an unprecedented promotion of
electric cars: Last year,
sales of
electric and plug - in hybrid vehicles in
China rose 50 % to 507,000, more than three times the U.S. figure.
Volvo, which is owned by
China's Greely Holdings, said in October that it's building an all -
electric car by 2019 and that it expects
electric cars to make up 10 % of its global
sales by 2020.
High - end
electric vehicle maker Tesla Motors Inc (TSLA) said Monday it is cutting jobs in
China under a restructuring plan launched earlier this year, after missing a
sales target in the world's biggest
car market.
40 % of clean energy investment in 2017 occurred in
China, as did roughly half of all plug - in
electric car sales.
Consider this: Roughly half of all
electric cars sold globally last year were in
China, which saw a 73 - per - cent increase in EV
sales over 2016.
China is preparing to announce the date from which internal combustion engine
car sales will be banned, joining Norway, France, and the UK, among others, that have declared a complete shift to
electric vehicles.
As of September 2015, there are over 30 models of highway legal all -
electric passenger
cars and utility vans available for retail
sales, mainly in the United States,
China, Japan, Western European countries.
China has already taken a series of measures to fight pollution, including restricting
car sales in major cities and providing incentives for selling
electric vehicles.
The first
car to be produced at the German facility will be a pure -
electric version of the its seven - seat BX7 SUV which is already on
sale as a plug - in hybrid in
China.
China, the world's largest new -
car market, will institute
sales quotas for
electric cars and plug - in hybrids in 2019, and some European countries are mulling outright bans on
sales of new gasoline and diesel
cars.
Three of
China's biggest cities are helping consumers pay for a range of
electric cars, heeding calls to encourage the
sale of green vehicles that the government sees helping tackle pollution.
But EV
sales in
China are going nowhere, so now Volkswagen, which is the biggest automotive brand in
China, says it has no plans to sell
electric cars there.
Nor surprising, considering that
China accounted for 50 percent of the world's
electric car sales last year.
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While growth in EV
sales in the United States continues on a steady but incremental path — roughly one - percent of the American vehicle market —
sales of
electric cars and plug - in hybrids in
China is expected to leap from 700,000 vehicles in 2017 to more than 2 million «new energy vehicles» by next year.
Wall Street Journal sources say that Tesla has struck a deal with
China to build a factory in Shanghai's free trade zone, which will increase the
electric car maker's declining
sales in the country.
It's only expected to grow, too — 40 percent of the global investment in
electric cars is happening in
China, and the country is expected to account for 50 percent of global EV
sales until 2030.