“China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years’ time, the industry ministry said Tuesday, as the sector struggles with falling sales.
A draft blueprint for the development of the “new energy vehicle” sector—which includes hybrids and fully-electric vehicles—comes after the government withdrew subsidies for carmakers earlier this year.
China is the world’s largest new energy vehicle market, but sales of electric motors plummeted 34 percent on-year in September, according to the China Association of Automobile Manufacturers (CAAM)…”
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