China rolls out EV quotas for 2019

China has unveiled new plans that require carmakers to sell a minimum number of zero or low emission vehicles annually from 2019. The Ministry of Industry and Information Technology’s policy […]

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By Priyanka Shrestha

China has unveiled new plans that require carmakers to sell a minimum number of zero or low emission vehicles annually from 2019.

The Ministry of Industry and Information Technology’s policy requires large car manufacturers to ensure 10% of the cars they sell are low carbon by 2019 and 12% by 2020.

It applies to carmakers that produce or import more than 30,000 conventional vehicles annually.

If they fail to achieve the quotas, they will either have to buy credits from other companies through a cap-and-trade system or face a fine.