Electrifying Automobiles: The Industry Disruption, Battery Electric Vehicles

Electrifying Automobiles: The Industry Disruption, Battery Electric Vehicles

In early September, Xin Guobin, China’s vice-minister of industry and information technology, told a forum of automakers held in Tianjin that the government would ban the production and sale of fossil fuel cars. Although no timetable has been formally announced, most Chinese automotive insiders, including BYD Chairman Wang Chuanfu, believe this ban will take place starting in 2030. BAIC Group Chairman Xu Heyi recently stated, “Our goal is to stop sales of self-developed conventional fuel-powered cars in Beijing by 2020 and stop their production and sales nationwide by 2025.” This is yet another example of the impact of increasing legislation to curb carbon emissions and control greenhouse gases.

 

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