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ICE car values plummet in China and it is the canary in the coal mine

Electrek

A looming crisis is brewing in China, as hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules. It’s another sign that the global auto industry isn’t ready for the shift to EVs and will be caught unawares if it doesn’t ramp EV production fast enough.

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Chinese Government think tank calls for refocusing auto industry on environment-friendly and energy-saving targets

Green Car Congress

Liu Shijin, deputy director of the Development Research Center of the State Council, one of China’s top government think tanks, told a forum that the government should shift its guidance to automakers from mere pursuit of output capacity to environment-friendly and energy-saving targets.

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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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China has a plan for all its electric-car startups; they may not like it

Green Car Reports

They are intended not only to help fight the choking air pollution in many parts of the country, but also give China's auto industry an edge in future decades. It has been an official goal of the Chinese government to encourage the development and sale of plug-in electric cars for several years now.

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China to crack down on green-car subsidy cheating: report

Green Car Reports

Electric cars are seen as an important way to combat the country's notorious air pollution, and develop the domestic auto industry. Over the past few years, both national and state Chinese governments have heavily subsidized electric cars in an aggressive attempt to promote mass adoption.

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Lux: China’s advanced energy storage market to quadruple to $8.7B in 2025; 85% share by transport

Green Car Congress

Driven by environmental problems, a growing auto industry, and a big policy push, China’s advanced energy storage market will be worth $8.7 billion, according to a new report from Lux Research called “ Clearing the Haze: Demystifying Energy Storage Opportunities in China ”. Transport applications will dominate with $7.4

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Australia introduces its first exhaust rule but makes all the mistakes the US did

Baua Electric

The US EPA has long had what is referred to as a “ footprint rule, ” which allows larger vehicles to pollute more. And giant SUVs have, in turn, eliminated the auto emissions gains we could have had if cars had remained normal sized. The other threat is possible future Chinese dominance in the auto industry.