China Wants Out of Gas and Diesel Cars

China Wants Out of Gas and Diesel Cars

China, the world's largest manufacturer of cars, is considering a ban on the production of non-electric vehicles, it has been reported.

Regulators haven't decided yet when the Chinese ban would take effect, but work has begun on a timetable, according to China's vice minister of industry, Xin Guobin.

In what seems to be developing into a global push to substitute gasoline and diesel cars for electric or hybrid ones, the Indian government has also announced that it wants the country's auto companies to prepare themselves for upcoming changes in legislation.

The world's second-biggest economy, China made 28 million cars previous year - nearly a third of the global total.

Electric vehicle sales in India, one of the world's fastest-growing auto markets, are negligible compared with annual sales of over 3 million petrol and diesel cars last fiscal year, according to industry data. "That will leave plenty of time for everyone to prepare".

SPCA reunites animals with pet owners after Hurricane Irma
Chris Broughton from ASPCA lifts one of the dogs onto a Rescue Ride heading to a Duncan, South Carolina, animal shelter. The dogs were flown to Bradley International Airport and picked up by Second Chance Animal Shelter in East Brookfield.

NACS added that in Europe the United Kingdom and France "said they would prohibit new gasoline and diesel vehicles by 2040".

Carmakers are following suit. Chinese-owned carmaker Volvo said in July that all its new vehicle models would have an electric motor from 2019. The quota system, which is due to replace the subsidies for electric vehicles now in place, requires that at least 8% of cars sold by automakers in China in 2018 must be electric, followed by 10% in 2019 and 12% in 2020.

Worldwide auto giants like Ford and Volkswagen are aiming to develop fully electric cars in China.

Chinese government has previously said that it wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.

Related:

  • Qualcomm publishes list of how great Android is ahead of iPhone 8 launch

    Qualcomm publishes list of how great Android is ahead of iPhone 8 launch

    The chip maker and the Cupertino company are now involved in a legal battle against one another in three different countries. Now, Apple's name isn't mentioned anywhere in this random new OnQ blog post , but its timing can't be coincidental.
    Ex- Garland County Clerk Used Funds To Buy Dog Tuxedo, Hogs Tickets

    Ex- Garland County Clerk Used Funds To Buy Dog Tuxedo, Hogs Tickets

    Goss, who was arrested October 25, 2016, and later released on $50,000 bond, was represented by appointed public defender Lee D. She was sacked June 3, 2016, but left the position a month prior, The Sentinel-Record reported.
    Top UK Officials Believe Iran Helped North Korea Advance its Nuke Program

    Top UK Officials Believe Iran Helped North Korea Advance its Nuke Program

    The chancellor is ready to sit down for similar discussions with North Korea as the situation becomes increasingly hostile. She suggested that "North Korea's nuclear program might be secretly doubling as a nuclear backshop for Iran".
  • Nazioni Unite infliggono nuove sanzioni alla Corea del Nord

    La Cina ha detto sì all'inasprimento delle sanzioni contro la Corea del Nord , il suo alleato nella regione. Ma il penultimo regime comunista non vuole diventare nemmeno l'ultimo regime comunista.
    A Look At Recent Insider Trades For Philip Morris International Inc. (PM)

    A Look At Recent Insider Trades For Philip Morris International Inc. (PM)

    The Board of Directors of Philip Morris International Inc. (NYSE:PM) has risen 16.65% since September 13, 2016 and is uptrending. Moreover, Fiduciary Financial Services Of The Southwest Inc Tx has 0.32% invested in the company for 70,220 shares.
    Ticinonline - Piloti di Air Berlin in rivolta, saltano (almeno) 70 voli

    Ticinonline - Piloti di Air Berlin in rivolta, saltano (almeno) 70 voli

    La goccia che ha fatto traboccare il vaso dopo l'annuncio nei giorni scorsi dei tagli alle rotte di lungo raggio. "Ci dispiace per i disagi arrecati ai nostri clienti", ha aggiunto una portavoce.
  • Ryan school seeks transfer of trial from Haryana to Delhi

    Ryan school seeks transfer of trial from Haryana to Delhi

    In his petition, Francis sought a direction to transfer the case from Gurugram court to Saket district court in Delhi. He informed the Bench that no lawyer is being allowed to enter the court premises.
    Most Active Volume Stock: The Goodyear Tire & Rubber Company (GT)

    Most Active Volume Stock: The Goodyear Tire & Rubber Company (GT)

    Also, it has an estimated price-earnings (P/E) multiple of 17.46 and a trailing 12-month price-earnings (P/E) multiple of 33.92. First Quadrant L P CA acquired a new position in The Goodyear Tire & Rubber during the second quarter worth about $130,000.
    Mohamed Salah Starts, Philippe Coutinho On Bench - Liverpool Team vs Sevilla Confirmed

    Mohamed Salah Starts, Philippe Coutinho On Bench - Liverpool Team vs Sevilla Confirmed

    Mohamed Salah then scored to give Liverpool a 2-1 advantage before Firmino missed a crucial penalty - striking the post instead. Having been given just over 15 minutes to make a difference with the score 2-2, Coutinho struggled to make any real impact.
  • Diageo plc (ADR) (DEO) Hit 52-Week High

    Diageo plc (ADR) (DEO) Hit 52-Week High

    Gamble Jones Investment Counsel increased Diageo Plc Adr (DEO) stake by 41.55% reported in 2016Q4 SEC filing. Parkside Financial Bank & Trust boosted its position in shares of Diageo PLC by 0.8% during the 2nd quarter.
    Alabama Mother Arrested For Torturing Son With Scorching Hot Spoon

    Alabama Mother Arrested For Torturing Son With Scorching Hot Spoon

    Upon investigation, the child's injuries led to probable cause to arrest Cortes, say police. The child has received medical treatment and is now in the custody of the father.

    Is Avis Budget Group, Inc. (NASDAQ:CAR) a great bet right now?

    Their average price target spell out an upbeat performance - a 0% and would give vehicle a market capitalization of almost $3.11B. Scopus Asset Management L.P. purchased a new stake in shares of Avis Budget Group during the third quarter worth $12,800,000.

Comments

Latest news

Demetrious Johnson & Ray Borg Are Reportedly Set to Scrap Again…
An interim lightweight title bout between Tony Ferguson (22-3) and Kevin Lee (16-2) was originally announced to headline UFC 216 . UFC 215 was the original event for the title bout, but then Borg pulled out of the fight after falling ill a few days before .

Pharmacy Automation Devices Market Size and Expected Growth Analysis 2017 to 2021
Using SWOT analysis, the report studies the strengths, weaknesses, opportunities, and threats of the key players in the market . Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc.

Fan-Favorite Splatoon Stage Returns Friday
Kelp Dome is being joined by an all-new map, Snapper Canal, as well as a new weapon dubbed the Tenta Brella. Snapper Canal features a river running through the stage dividing the spawn areas for the two teams.

Nikola Vlasic "excited" by Europa League challenge
The initial questions were about whether veteran Rooney would be in the starting XI for this Europa League opener. We might not bring a name but we had an excellent season previous year and we carry a lot of enthusiasm'.

Denbury Resources Inc. (NYSE:DNR) Quarterly growth Review
The company's shares were given away at $3.13 per share worth to an income of some $31,300 on account of Mcmichael Greg . After this sale, 73,473 common shares of DNR are directly owned by the insider, with total stake valued at $77,881.

Portland General Electric Company (POR) Shares Bought by Ajo LP
Daiwa Gru invested 0.07% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). 15,766,108 shares of the stock were exchanged. The firm earned "Underperform" rating on Tuesday, November 22 by Bank of America. (NASDAQ:OSIS) rating on Friday, August 25.

Give time as well as supplies, urges Salvation Army
Setting up at the Brown Convention Center, the Lubbock Red Cross set up their canteen to help with relief efforts. Crosson said he will be doing anything from transportation to ordering supplies.

Anushka, Virat make a ideal couple in the latest ad shoot
While Virat has posted many such messages on social media in the past, Anusha is yet to publically speak about their relationship. Anushka is looking fabulous in the bridal avatar and Virat Kohli is looking handsome in the traditional Indian attire.

Stock Levels in Focus for Advanced Micro Devices, Inc. (NASDAQ:AMD)
More interesting news about Advanced Micro Devices, Inc . (NASDAQ: AMD ) has accumulated 4.59% over the course of one week. Taking a peek at sell-side analyst views, we can see that the current consensus target price for the company is $14.23.

Technical Charts and Signs for Navios Maritime Acquisition Corporation (NNA)
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain.

Pitney Bowes Inc. (PBI) Upgraded to "Hold" at BidaskClub
Euclidean Technologies Management Llc increased Pitney Bowes Inc ( PBI ) stake by 30.17% reported in 2016Q4 SEC filing. The company has mean EPS estimate of 0.57 reported by 5 number of analyst for the quarter ending Current Qtr.(Sep2017).

Huckabee Sanders Blasts Clinton's Excuses for Losing — BEASTMODE
Sanders has been hammering Comey all week, arguing the Department of Justice should consider prosecuting him for his actions. Speaking to " 60 Minutes " on CBS, Steve Bannon called the Comey decision the worst mistake in "modern political history".

Callon Petroleum's Series A Preferred Stock Shares Cross 9.5% Yield Mark
It improved, as 22 investors sold CPE shares while 59 reduced holdings. 166 funds opened positions while 593 raised stakes. Montrusco Bolton Investments Incorporated has 0.38% invested in Danaher Corporation (NYSE:DHR) for 88,513 shares.

Somewhat Positive Media Coverage Somewhat Unlikely to Impact Nike (NKE) Stock Price
Nomura reissued a "buy" rating and set a $60.00 target price on shares of Nike in a research note on Friday, June 30th. Of those analysts, 12 rate stock as a Strong Buy, 13 rate it as Hold, and just 1 analyst rates it as a Moderate Sell.

Raytheon Company (RTN) Rating Increased to Buy at ValuEngine
BidaskClub raised shares of Raytheon from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Raytheon from a "buy" rating to a "hold" rating in a research report on Thursday, July 13th.

Other news