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
- 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.
- Is this the final piece of evidence to force those who say other countries shouldnt act because Chinas not doing enough to concede