China Wants to Ban Gas and Diesel Cars
China is preparing to put the brakes on gasoline and diesel cars, reports CNN Money.
The country, home to the world's largest auto market, is working on a plan to ban the production and sale of vehicles powered solely by fossil fuels, officials say.
The Chinese government is following in the footsteps of countries like India, France, Britain and Norway, which have already announced plans to ditch gas and diesel cars in favor of cleaner vehicles in the coming years.
Regulators haven't decided yet when the Chinese ban would take effect, but work has begun on a timetable, according to China's vice minister of industry, Xin Guobin.
Authorities will offer subsidies of as much as half the retail price of electric and some hybrid vehicles to help buoy production, Xinhua reported, citing an official from the Chinese Finance Ministry. Dozens of models are already on sale in the world's second-largest economy.
International auto giants like Ford and Volkswagen are aiming to develop fully electric cars in China.
For more on China’s plans, click here.