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OEF Rapid Review

China will put an end to the sale of fossil-fuel-powered vehicles – gasoline and diesel – becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including the Chinese BYD Co. and BAIC Motor Corp. While many global manufacturers from billionaire Elon Musk’s Tesla Inc. to Nissan Motor Co. and General Motors Co. are racing to grab a slice of the electric-vehicle market in China, it is the local manufacturers that have found considerable success thanks to generous government subsidies.
LINK TO THE SOURCE ARTICLE:
China To Phase Out Vehicles Using Gasoline And Diesel”

 


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