BEIJING (Reuters) – China is considering temporarily easing quotas designed to boost production of electric cars to help automakers badly bruised by the coronavirus pandemic to revive slumping sales, people familiar with the matter said.
FILE PHOTO: Baojun E100 and E200 all-electric battery cars at a parking lot operated by General Motors Co and joint-venture partners in Liuzhou, Guangxi Zhuang Autonomous Region, China, February 28, 2019. REUTERS/Aly Song/File Photo
Policymakers in the world’s biggest auto market may also delay the implementation of a new emission particle restriction by six months to help the car industry, which has suffered a 79% drop in sales in February and expects a fall of around 10% in the first half of this year.
The United States had already planned to relax vehicle emissions rules. President Donald Trump’s administration on Tuesday completed a rollback of vehicle emissions standards adopted under predecessor Barack Obama. This will require 1.5% annual…
Source Reuters Tech News
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