Carmakers must report 2019 fuel economy, carbon credit estimates
Automotive News China
Automotive News | 2018-12-7
Many automakers selling passenger vehicles in China have until Dec. 20 to report their estimated 2019 fleetwide fuel economy and the number of carbon credits they expect their electrified vehicles to generate next year.|
The requirement, posted Tuesday on the Ministry of Industry and Information Technology¡¯s website, affects companies with annual production or imports in China totaling 30,000 or more vehicles.
The estimates will enable the ministry, which regulates automobiles and other industrial sectors in China, to track carmakers¡¯ progress in improving vehicle fuel economy and expanding electrified vehicle output.
The Chinese government requires an average fleet fuel consumption of 5.0 liters per 100 kilometers (47 mpg) by 2020, from 6.9 liters per 100 kilometers (34 mpg) in 2016.
Meanwhile, the government is set to enact a carbon credit program at the start of 2019 to push carmakers to ramp up production of electrified vehicles, notably battery-electric vehicles.
Under the program, passenger vehicle manufacturers in China must accumulate enough credits by producing enough battery EVs and plug-in hybrids to hit a threshold equal to 10 percent of annual sales in 2019. The level will rise to 12 percent for 2020.
Companies failing to meet these requirements will be barred from introducing new products or expanding production capacity in China.
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