New China NEV quotas will give automakers more time
Scheme expected as soon as this week will push implementation back to 2019, sources say
Tough new Chinese sales quotas on electric plug-in vehicles are expected in the coming weeks, or days, but will delay implementation until 2019, reports Reuters.
Previous proposals put pressure on carmakers to have 8% of sales accounted for by electric or hybrid models by next year, rising to 10% in 2019, but push back by the industry on the timeline seems to have paid off.
The new regulations will be unveiled “soon, as the public comments phase is over and the draft has been reviewed a final time by the NDRC, MOFCOM and AQSIQ,” industry officials were quoted by Reuters as saying. They added “that ’soon’ could for all I know be as soon as this week or by the end of September.”