The Chinese government is heavily subsidizing electromobility. But consumers in the world's largest car market are not taking the bait. Just 2 percent of Chinese motorists own an electric car.
Sales of electric cars in Europe have just crossed the 1 million mark, as more consumers are persuaded to opt for green mobility. Can the infrastructure to support the transition from fuel-powered vehicles keep up?
China's Ningbo Jifeng has reached agreement to buy out German auto parts maker Grammer, in a deal that marks the latest Chinese acquisition of European technology and is likely to face close scrutiny from EU regulators.
The head of the world's biggest carmaker Volkswagen has issued an unprecedented call to end tax breaks for diesel fuel in Germany, saying the technology must make way for cleaner ways of driving.
China has set a 2019 deadline for global carmakers to meet new quotas for so-called New Energy Vehicles (NEVs), meaning their annual sales in China must hit a specific threshold of electric cars or plug-in hybrids.
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