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China plans to ban sales of fossil fuel cars entirely
Posted on 9/10/17 at 3:02 pm
Posted on 9/10/17 at 3:02 pm
quote:
China's big electric vehicle push is about to get even bigger: The country is planning to end the sale of fossil fuel-powered vehicles entirely, with regulators working currently on a timetable of when the ban will ultimately take effect, according to Bloomberg.
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. The nation has already done a lot to incentivize manufacturers to develop and sell new EVs, including allowing foreign automakers to create a third joint venture with local automakers (a standard requirement for doing business in the country for auto OEMs) so long as it's dedicated to the creation of EVs exclusively.
The government has also created a number of incentive programs for OEMs, including subsidies. This will add to its positive efforts to drive more EV sales in China with the ultimate negative condition on the other side – at some point, automakers just won't be able to do business at all in the country if they're still selling a mix of fossil fuel and electrified vehicles.
This isn't the first time a governing body has said it would eventually phase out the sale of traditional fuel vehicles: France said it will stop selling fossil fuel cars by 2040 in July, and the UK has committed to the same timeline for sales of those vehicles.
LINK
Have the Saudis and the middle easterners who have been terrorizing the world with oil money for the last 40 years begun shitting their pants because of these electric cars?
When all said and done, one man - ELON MUSK - will have probably managed to bring terrorism to its knees single-handedly...something that militaries around the world have failed to do for years. Time will tell...
This post was edited on 9/10/17 at 3:07 pm
Posted on 9/10/17 at 3:03 pm to Street Hawk
Chinas power plants are mostly fossil fuels though right?
Posted on 9/10/17 at 3:04 pm to Street Hawk
Should I put 100% of my retirement into Elon Musk?
Posted on 9/10/17 at 3:04 pm to Street Hawk
If you want to see terrorism wait till all of the middle East is hungry
Posted on 9/10/17 at 3:05 pm to Street Hawk
quote:
Have the Saudis and the middle easterners who have been terrorizing the world with oil money for the last 40 years begun shitting their pants because of these electric cars?
The entire planet could ban gas powered cars and we would still need oil. And lots of it.
Posted on 9/10/17 at 3:05 pm to Street Hawk
I bet they'll still export them.
Posted on 9/10/17 at 3:08 pm to Street Hawk
And they're going to construct 2,000 new coal fired power plants to power these things
Posted on 9/10/17 at 3:10 pm to Mr. Elvert
quote:
Should I put 100% of my retirement into Elon Musk?
You should put it into batteries and rare earth elements battery components...
Posted on 9/10/17 at 3:11 pm to Street Hawk
I'm doubting this is feasible due to how expensive cars are in China. They already cost twice as much there than they do in the States, so they're going to be buying Teslas now? They're sure as shite not buying Toyotas due to their hatred of the Japanese, and Chinese cars blow chunks. There's a reason you've never seen one stateside.
Posted on 9/10/17 at 3:12 pm to Street Hawk
China promises much and delivers little.
Posted on 9/10/17 at 3:12 pm to SlapahoeTribe
quote:
I bet they'll still export them.
Have you ever seen a Chinese car in the US? No, because Chinese cars are of notoriously low quality. It is the one thing that the Chinese are incapable of ripping off is a car.
This post was edited on 9/10/17 at 3:13 pm
Posted on 9/10/17 at 3:15 pm to wickowick
quote:
You should put it into batteries and rare earth elements battery components...
Asteroid mining here we come
Posted on 9/10/17 at 3:16 pm to Cosmo
quote:
Chinas power plants are mostly fossil fuels though right?
coal
and they just ended the no 2nd child policy.
Posted on 9/10/17 at 3:23 pm to Mr. Elvert
Only if you are getting subsidies for it
Posted on 9/10/17 at 3:23 pm to ksayetiger
quote:
Asteroid mining here we come
Really cool stuff.
Posted on 9/10/17 at 3:25 pm to Street Hawk
quote:
man - ELON MUSK -
Do you fan boys have wet dreams over him??
Posted on 9/10/17 at 3:25 pm to diat150
Exactly. The Kingdom will be more and more vulnerable with the advent of EVs
Posted on 9/10/17 at 3:40 pm to Street Hawk
quote:
When all said and done, one man - ELON MUSK - will have probably managed to bring terrorism to its knees
Tesla can't build a golf cart without a subsidy. China will build their own "Tetla" that looks exactly the same, has shite quality, but costs 20% of a real one.
Posted on 9/10/17 at 3:42 pm to tiggerthetooth
quote:
Really cool stuff.
Amazing that one small payload could be worth billions
Posted on 9/10/17 at 3:48 pm to ksayetiger
quote:
Amazing that one small payload could be worth billions
From the little I've read, the first big step to making this a reality is getting good telescopes manufactured to spot the right asteroids. There are companies working on this right now. There also companies that have already devised processes to extract the various resources on asteroids.
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