China preparing ban on gasoline and diesel vehicles

China has set a deadline for fossil-fueled vehicles to switch to electric vehicles. The Chinese government will join Germany, Britain, France and Scotland to ban petrol and diesel engines. The country's top official said the government is working with other regulators on schedule to end production and sales of traditional vehicles.

Tinuku China preparing ban on gasoline and diesel vehicles

China's Deputy Minister of Industry and Information Technology, Xin Guobin, at an automotive forum on Saturday said the government's move aims to make a big impact on the ecosystem and growth of China's auto industry. The regulation will accelerate the electric car market in the world led by BYD Co. and BAIC Motor Corp.

China is the second largest economy in the world and has been determined to fight carbon emissions by 2030 where air pollution is getting worse and choking big cities. The country has also become a world leader in the production and use of electric vehicles.

The China Passenger Car Association reported BYD which Warren Buffett supported led sales in the first seven months of this year with 46,855 units of electric and plug-in hybrid vehicles, while the second position was BAIC Motor with 36,084 units.

Nissan, which launched the Leaf upgrade model last week, said it will enter the Chinese market by 2018, while Nio will start selling the ES8 as an all-electric sports car in mid-December. Nio also collaborated with Jianghuai Automobile Group and Volkswagen AG for SUV next year.

Tesla in June said it is working with the Shanghai government to explore manufacturing development as a move that enables economic scale and lower production, labor and shipping costs.