16Jul

This is a continuation o上海千花坊plan released in late

 which demands the quota for 2019 is 10 percent and 12 percent in 2020.

上海千花坊品茶微信To cut fuel consumption and promote the popularity of new energy vehic

les, China has imposed tough regulations on passenger carmakers and importers, who will

be given two separate scores for traditional vehicle energy efficiency and new energy vehicle production.上海千花坊

If they fail to amass enough credits for either traditional vehicles or new energy veh

上海千花坊icles, they may face penalties and their vehicles may not even be allowed on the road.

The new draft also changes the amount of credits that a carmaker can earn by manufacturing new energy vehicles.

Analysts said the plan’s release will help carmakers to coordinate their production plans, especi上海千花坊品茶微信

ally international ones, which have been slower than Chinese ones to respond to policy changes.

Herbert Diess, CEO of Volkswagen AG, called for a stable policy enviro上海千花坊

nment at the World New Energy Vehicle Congress held in early July in Hainan province.

上海千花坊品茶微信The German carmaker said almost half of its new energy vehicles produced in 2028 will be made in

China. China has been the largest market for new energy vehicles since it overtook the United States in 2015.

So far there are around 3.5 million such vehicles on its roads.上海千花坊

The country’s new energy vehicle sales surged 65.9 percent year-on-year to 577,000 u

nits during the January-June period, data from the China Passenger Car Association showed.

上海千花坊品茶微信The draft proposal is expected to help boost hybrids as well, to which Japanese carmakers have devoted much time and money.

For instance, an electric car that can run 350 kilometers on one charge would earn 5 credits for上海千花坊

its maker according to previous equations, and in the draft proposal the credits will be reduced to 2.5,

上海千花坊品茶微信ccording to Cui Dongshu, secretary-general of the China Passenger Car Association.

He added that the proposed policy encourag

es better technology as more efficient power consumption will earn more credits.

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