Date: September 18, 2017
“The Chinese Government has not said when the full ban on petrol and diesel car sales would take effect, but other countries like the UK and France aim to do it by about 2040.
The decision could see China, which makes and buys more cars than any other country, send shockwaves across the global auto manufacturing sector.
“The message would be out there, and all the other the manufacturers in the world that want to sell in China desperately will realise that the writing is on the wall,” industry analyst Gary Glazebrook said.
“[Petrol engine manufacturers] will essentially be crowded out or legislated out of the market unless they switch to electric cars.”
Professor Glazebook thinks China can implement the ban much sooner than European markets.
“The thing that has been holding it back up until now is the cost of electric cars and the fact that they didn’t have enough range,” he said.”*