Shelly Banjo, Columnist

Celebrate Electric Vehicles, Soberly

China's move away from fossil fuels won't be in a straight line.

September 12, 2017 at 5:08 AM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

Electric Vehicles and Charging Infrastructure As China's Poisonous Coal Capital Spends Millions to Go Green — Qilai Shen/Bloomberg

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Cue the buzzkill.

China's plan to set a deadline for automakers to halt sales of fossil-fuel-powered vehicles sent shares soaring for electric-car makers including BYD Co., backed by Warren Buffett, and BAIC Motor Corp. Let's not get ahead of ourselves.