The number of electric vehicles sold in China jumped 118% YoY to reach 254,000 in Q1 2019:
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Transportation & Logistics Briefing subscribers.The number of electric vehicles sold in China reached 254,000 in Q1 2019, a 118% year-over-year jump from the 117,000 sold in Q1 2018, according to newAt the same time, fossil fuel-powered car sales in the country shrank by almost 15% YoY: Automakers sold over 5.5 million fossil fuel-powered cars in China in Q4 2017, but sold only 4.
The Chinese government is gradually rolling out initiatives to help wean the country off of fossil fuel-powered cars.The government an initiative that calls for carmakers that produce more than 30,000 cars annually to make or import at least 10% electric cars by this year.a $47 billion fund last year that's designed to support EV technologies such as batteries and drivetrains. As the government encourages the production of EVs, it will continue to drive adoption higher: Annual EV sales in China are poised to expand to reach nearly 5.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Chase and Wells Fargo need to boost engagement among existing mobile usersJPMorgan Chase and Wells Fargo's Q1 earnings revealed a need to boost engagement among existing mobile users BIPrime:
Baca lebih lajut »
Alibaba's South China Morning Post readies its US push as it hunts for 'China-curious' readersThe Hong Kong-based publication believes that the time is right for its US expansion, with China-US trade talks and interest in them heating up.
Baca lebih lajut »
U.S., China Reach Accord on Trade-Deal Enforcement, Mnuchin SaysThe U.S. and China have agreed on an enforcement mechanism for their potential trade deal, Treasury Secretary Steven Mnuchin said, signaling that the two sides have overcome one of the last hurdles toward reaching a broader pact.
Baca lebih lajut »
Wall Street bull run hinges on earningsOptimism that the United States and China will soon reach a trade deal has helpe...
Baca lebih lajut »
Exclusive: U.S. waters down demand China ax subsidies in push for trade deal - sourcesU.S. negotiators have tempered demands that China curb industrial subsidies as a...
Baca lebih lajut »
Trump warns of 5G competition, but no mention of China or HuaweiAmid ongoing trade talks with Beijing, President Donald Trump heralded the success of the American private sector for building 5G while warning of foreign competition, but in a marked departure for his administration made no specific mention of China.
Baca lebih lajut »
Pompeo, Chile's Pinera discussed Venezuela, trade war with ChinaU.S. Secretary of State Mike Pompeo and Chilean President Sebastián Piñera discu...
Baca lebih lajut »
Pompeo slams China, Russia involvement in VenezuelaU.S. Secretary of State Mike Pompeo on Friday accused China of aiding Venezuela&...
Baca lebih lajut »
U.S.-China trade war is rerouting U.S. import flows: reportPresident Donald Trump's trade war with China has U.S. companies shifting p...
Baca lebih lajut »
Mnuchin says US and China have agreed on the trade deal enforcement mechanism'I don't know why this should be big news at all,' Treasury Secretary Mnuchin comments on the call to release President Trump's tax returns.
Baca lebih lajut »