Last weekend Bloomberg News reported on China’s announcement of ending fossil-fuel powered automobiles:
China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including BYD Co. and BAIC Motor Corp. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of China’s auto industry, Xin said at an auto forum in Tianjin on Saturday.
But for China, there’s also a technology play involved, of course. Last week, the State Grid Corporation of China bought 167,000 electric vehicles (EV) charging piles online, and now boasts the world’s largest EV charging network. A state-backed push to end reliance on fossil fuels will presumably add a few more sparks to the EV sector. Remember, this all comes less than three months after the announcement from Volvo that they’ll only be producing electric or hybrid cars starting in 2019.
So with China’s move to all electric, France’s to ban sales of petrol and diesel cars by 2040, and Volvo going all electric and Hybrid by 2019, one doesn’t need to read any tea leaves to see the future when it comes to what we’ll be driving.