China Plans Outright Ban Of Petrol Cars

In a bid to curb worsening air pollution, China is reportedly setting a deadline for automakers to end sales of fossil-fuel-powered cars in the country soon.

As reported by Bloomberg, the move by the Chinese government is in a bid to accelerate the drive into an economy solely dependent on electric cars and benefit indigenous electric car companies such as BYD Co. and BAIC Motor Corp.

More threat for oil dependent economies? Yes, most likely. This is simply because China is the world’s largest auto market, with 28.03 million vehicles sold last year (a boost in demand of 13.7 percent when compared with the number of cars sold in 2015). China is the biggest market to make a wholesale declaration for the electric car after the U.K. and France have announced plans to phase out petrol vehicles.

Naija, which way?