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Global News Impacting Chinese Tech

Plans to increase the demand for cars have been announced in China, and an extension of the electric vehicle tax break is possible

News Snapshot:

The decarbonization of the transportation sector, which accounts for about 21% of all anthropogenic CO2 emissions worldwide, is crucial to achieving more general climate goals. China has continuously implemented rules and policies over the past ten years to cut new cars and trucks’ fuel consumption and encourage the use of electric vehicles. The nation’s electric vehicle market saw a spectacular expansion during this time. However, ICCT’s emissions modeling reveals that in order to fulfill the aforementioned goals, the rate of development must be accelerated moving forward. China unveiled a variety of new programs to boost consumer demand for cars, including…

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