In a stunning report out of China, the FT reports dryly that China is considering a rule that 8% of cars sold should be EVs. Evidently a system similar to Carbon trading is being considered to enforce the rule.

It prompts 2 immediate questions

  1. Will it have a transformational effect on the car industry. Who will be the winners. 8% of the vehicles sold in China will force all future forecasters to up their predictions of the future of EVs.
  2. Is this the final piece of evidence to force those who say other countries shouldnt act because Chinas not doing enough to concede