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Chinese authorities are planning to ban the cars that run on fossil fuels, according to a report in Bloomberg. This move is aimed to encourage local automakers into developing electric cars.
Xin Guobin, China's vice minister of industry and information technology said that the regulators are working on a timeline to phase out the sales and production of the vehicles. China is the world’s largest auto market, with 28.03 million vehicles sold last year, a boost in demand of 13.7 percent vs. 2015 sales numbers.
"These measures will promote profound changes in the environment and give momentum to China's auto industry development," Xin said in remarks broadcast by CCTV state television. "Enterprises should strive to improve the level of energy saving for traditional cars, and vigorously develop new energy vehicles according to assessment requirements," he said.
Bloomberg reports that the government has created many initiatives for the electric vehicle market including subsidies, which will add to the positive sales of the electric vehicles in China.
This isn't the first time that any governing body has decided to phase out the sale of traditional fossil fuel vehicles, France has announced that it will phase out the vehicles in 2040 and UK is also supposed to do the same during the same period. Automakers are looking towards electric vehicles for the future. Ford has teamed up with China's Zotye Auto to build electric cars. Seems like the electric cars are going to rule the automobile market in the future.