JohnDe
La dolce vita
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- 11 March 2020
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From The new Daily . Not sure how reliable the source is,
It is 13 years away before it goes into effect if the law is indeed passed.
So when will the car manufacturers cease production of ICE vehicles (or for that matter PHEV, hybrids etc).
Or will they keep producing them to sell in other countries (like USA, OZ, China or maybe African countries).
As has been remarked before, Australia really has little choice in what happens to the vehicle market, we take what we are given, not what we want.
Mick
You can scrap China from that theory. And with the worlds largest vehicle manufacturers transitioning to EV production there wont be many ICE manufacturers left. Possible a few high end luxury/sport manufacturers, and some medium level consumer ICEV manufacturing in developing countries.
China’s market for new energy vehicles (NEVs), comprising mainly electric and hybrid-powered vehicles, surged by 157% to a record 3,521,000 units in 2021, according to passenger car and commercial vehicle wholesale data released by the China Association of Automobile Manufacturers (CAAM).
Sales of battery-powered electric vehicles (BEVs) increased by 161% to 2,916,000 units in 2021, making China by far the world’s largest single market for these vehicles, while sales of hybrid vehicle rose by 141% to 605,000 units. Together they accounted for all of the automotive market’s near 4% growth last year, while sales of conventional internal combustion engine (ICE) vehicles fell by over 5% to 23.9 million units – according to the association’s data. This includes a 4% decline in deliveries of ICE passenger vehicles to 18,148,000 units and an 8% drop in ICE commercial vehicles to 4,607,000 units.
2021 was the fourth consecutive year of decline for ICE vehicle sales in China and it looks like this trend will continue uninterrupted, as NEVs claim an increasingly large share of the local market. For ICE vehicle sales in China, terminal decline is already well underway.
NEVs driving growth in China as ICE decline continues - Just Auto
Sales of electric vehicles are surging in China, despite headwinds.
www.just-auto.com