China Considers Dialing Back or Delaying Electric Car Quota
- Industry minister says may lower score or delay implementation
- New-energy vehicle sales fell in January after subsidy cut
A BYD E6 electric taxi stands plugged to a State Grid charger in Taiyuan, Shanxi province.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is considering dialing back or delaying proposed measures aimed at pushing automakers to produce more electric vehicles, after industry feedback that the targets are overly ambitious.
Under draft rules released in September for public consultation, automakers will be required to obtain a new-energy vehicle credit score of 8 percent next year, derived from different weightings assigned to various types of zero- and low-emission vehicles. Companies that fail to meet the requirement face fines or have to buy credits from those that exceeded the minimum.