China Wants to Switch to Electric Car Mandates Similar to California’s

By Jon LeSage China is considering phasing out subsidies for plug-in electrified vehicles and switching over to automaker mandates similar to California’s system.
For China’s “new-energy vehicles” campaign, the government may eliminate its generous incentive program for electric vehicles and plug-in hybrids and transition over to a credit-based system for automakers to follow. Automakers would be required to build or import new-energy vehicles in proportion to the number of traditional internal combustion engine vehicles they sell.
Companies failing to manufacture these vehicles complying with emission reduction targets would have to buy credits or pay fines that could go up to five-times the average prices of

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