16 Sep With fossil fuel bans, e-cars shift into higher gear
Phys.Org, September 11, 2017
Beijing’s announcement that it is considering joining France and Britain in banning petrol and diesel cars from its smog-clogged roads promises to accelerate a push towards electric vehicles—a race in which Chinese carmakers have everything to gain.
As the global auto industry braces for a shake up, here’s what you need to know.
What’s it all about?
While France and Britain have said they plan to outlaw sales of new diesel and petrol cars by 2040, Beijing has not yet set a date for its proposed ban.
But if China, the world’s largest car market, turns its back on fossil-fuel powered cars, it could change the auto industry forever.
With annual sales of some 24 million vehicles, China is home to one in every four new cars on the planet. By 2024, analysts at AlixPartners forecast sales will climb to 42 million annually, accounting for 36 percent of the global market.
By comparison, France and Britain each record sales of some two million new cars per year.
“If China says no more ICE (internal combustion engine), the rest of the world will follow because the rest of the world can’t lose China’s market. It’s too big,” says Bill Russo, managing director of Gao Feng Advisory Group in Shanghai.
The mooted driving bans promise to be a hot topic of discussion at the Frankfurt International Motor Show (IAA) this week, Europe’s top industry showcase.
What does it mean for carmakers in China?
By law, foreign carmakers are required to team up with Chinese companies if they want to do business in the country
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The era of the combustion engine “will end on a time schedule where China can assure itself that its own domestic carmakers are capable of delivering the solution they would like to see on the road,” Russo predicts.
Read more at: https://phys.org/news/2017-09-fossil-fuel-e-cars-shift-higher.html#jCp
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