Beijing plans to replace gas-powered taxis with electric cars, aiming at boosting NEV sales
Shanghai Metals Market reports that China is speeding up the development of new energy vehicles, as Beijing and other major cities have announced plans to replace gas-powered taxis with electric cars in the next few years, as part of an initiative to boost NEV sales and reduce pollution.
The Beijing Municipality Transport Commission said on October 30 that in the next two years, all newly registered or replacement taxis in Beijing have to be fully electric.
According to the report from the commission, more than 1,000 brand new fully electric taxis have already hit the road in Beijing. By the end of next year, the target is to switch 20,000 taxis to NEVs.
Shenzhen, the technology hub in South China, has also taken the lead among many other Chinese cities. Only fully electric vehicles will get registration as online ride-hailing taxis in Shenzhen. By the end of 2019, the city aims to complete the transition of gas-powered taxis to 100% electric ones, along with installing 18,000 new charging stations.
An industrial report focusing on petroleum consumption in China noted that China might completely phase out fuel vehicles by 2050.
These initiatives are being taken to promote NEV sales as well, especially after the hit on buying sentiments by reduction in government subsidies and muted economy.
Shenzhen-based BYD, the biggest plug-in electric car manufacturer in China, also saw weaker-than-expected sales in the NEV market and lower year-on-year profits in its NEV business, as demand remained sluggish.
source: ALCIRCLE.COM
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years