China Set to Unveil Cap-And-Trade Auto Emission, Mileage Rules
- Draft rules require companies to get minimum credit score
- China plans to end sales of vehicles powered by fossil fuels
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China will soon unveil a mandatory cap-and-trade credit program for electric cars, starting the countdown for carmakers to be in compliance with stricter rules on emissions and fuel economy, according to the country’s state-backed auto association.
The policy may be announced as early as this week, Shi Jianhua, deputy secretary general of the China Association of Automobile Manufacturers, said at a briefing in Beijing Monday. Shi didn’t provide a specific date.