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by Andrew Liptak
Sep 10, 2017, 5:26pm EDT
Speaking at an auto forum on Saturday, Xin Guobin, the country’s vice minister of industry and information technology said that regulators are working to come up with a timeline for phasing out the sales and production of the vehicles.
China is the world’s largest market for automobiles, with over 28 million vehicles sold in 2016, a number that has continued to rise in recent years. Bloomberg notes that China has worked to encourage the growth of its electric-vehicle market through subsidies as it works to cut its carbon emissions.
Several other countries have announced similar intentions to ban fossil fuel-powered vehicles: France and the United Kingdom are both aiming to ban sales by 2040. Automakers are also increasingly looking towards electric vehicles: Volvo announced its intentions to produce only electric or electric-hybrids by 2019. Jaguar Land Rover plans to go all electricby 2020, while Aston Martin announced its plans to go completely hybrid by 2025.
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