Chinese Automakers Hit Back at Electric Vehicle Quotas
(Beijing) — China’s largest automakers’ association is urging the government to lower the annual production quotas for manufacturing or importing electric or hybrid vehicles announced last year.
According to guidelines issued by the Ministry of Industry and Information Technology (MIIT) last September, all carmakers must ensure that electric vehicles make up at least 2% of their annual output by 2018 and this target will gradually rise by 0.5% each year until 2020. Manufacturers that opt to make hybrid vehicles instead must ensure that low emission vehicles make up at least 4% of their annual output in 2018, and the quota will rise by 1% each year until 2020.
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