Contrary to Europe’s strongly expressed course of completely abandoning internal combustion engines, the Chinese government has decided to stimulate the sale of vehicles equipped with gasoline and diesel engines.
In fact, China also sees the future of the automotive industry in electrification, however, the current situation makes it necessary to deviate from previously accepted plans. The difficult situation with Covid-19 and the strict measures regarding the home seat have reduced the production and sales of cars to such an extent that measures were needed to revive this process again, writes the German publication Automobilwoche.
To achieve this, the Chinese government has reduced the tax rate on vehicles with internal combustion engines up to two liters from ten to five percent, while the conditions for so-called new energy vehicles (pure electric cars and plug-in hybrids) remain unchanged, meaning , that the current tax cuts reduce the benefits for electromobility.
The European Union is sticking to its plan to completely abandon ICE, so the publication fears that China could take advantage of this situation and take over Europe’s leading role as a developer of modern internal combustion engines. This is evidenced by China’s recent activities in the field of ICE engine development research and industry, while many leading European automotive companies have already announced a complete transition to electric vehicles in the next decade or a refusal to invest in the development of new ICE engines.
As you know, registration of new petrol, diesel or hybrid cars in the EU is only allowed until 2035, after which mobility will have to be ensured by battery transport.
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