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China's move undoubtedly demonstrates their commitment to eliminate the internal combustion engine, at least from city streets in a shorter timeframe than could have been imagined only a few years ago. Any automotive business not investing now in electric vehicle technology and executive capability is going to regret it!
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Bloomberg reports that China’s government has announced that any automaker producing or importing more than 30,000 cars in China must ensure 10 percent of them are all-electric, plug-in hybrid, or hydrogen-powered by 2019. That number will rise to 12 percent in 2020.
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