China Fuel-Car Ban– The world’s biggest car market has announced plans to ban the production and sale of cars powered by fossil fuels.
As much as it is the second leading consumer of oil in the world, China is ultimately a manufacturing nation. China is the world’s largest auto market with an annual sales of 28.03 million vehicles in the past year
The lucrative nation is set to quit the production of fuel-run vehicles. Hence their cars will be powered by electric batteries and other eco-friendly energy sources.
By 2025, China intends to have one fifth of its manufactured cars to be modeled to use electric batteries and plug-in hybrids. This is in compliance with the global call to fight environmental pollution and tackle climate change by going green.
China has a mission to reduce its carbon emissions by 2030. The plan follows similar announcements by UK and France to stop using fossil fuels for their cars.
See Also: Renewable Energy: China Introduces World’s Largest Floating Solar Farm
The world’s second-biggest economy has not yet given a definite date for the ban. However the Chinese authority says they are currently carrying out a research to know when best to implement the ban.
According to Liu Zhijia, an assistant general manager at Chery Automobile Co., the country’s biggest passenger car exporter,
“The implementation of the ban for such a big market like China can be later than 2040.”
“That will leave plenty of time for everyone to prepare.”
Xin Guobin, Vice Minister of industry and information technology is optimistic that the ban will be of great good for the environment and also give growth to their auto industry.
“These measures will promote profound changes in the environment and give momentum to China’s auto industry development.”
Following the ban announcement, top auto manufacturers are likewise making plans to delve into the manufacture of electric cars. Volvo, Honda, Renault-Nissan, Ford amongst others are beginning to think in that direction.
The potential ban will reduce the nation’s oil demand. And that is where it affects Nigeria and other countries whom largely depend on oil exports for economic revenue.
See Also: The Real Cost Of An Electric Car
Oil exportation to China is a major source of revenue for the Nigerian economy.
With the hint of a massive reduction in its demand, Nigeria’s economy is bound to be affected if the diversification plan does not take practical shape before the ban.
During a function over the weekend, Nasir el-Rufai, Kaduna state governor, echoed a major disadvantage of oil exploration in Nigeria.
He said because of the quick profits from oil exports, many prospective economic options were neglected.
“Because Nigeria gets easy money from oil, the nation has lost its thinking initiative on how to develop other sources of revenue and diversify the economy.”
“This is very sad, I wish the oil will dry up so that we can begin to use our brains because we have stopped using our brains and we have stopped respecting intellects because of easy money.”
Latest Nigeria News
- Kofi Kinaata: All You Need To Know About The Fante Rap God
- These Three African Empires Shocked The World
- A Brief History Of Famous African Coups And Their Endings
- Emmerson Mnangagwa: 6 Reasons Zim’s Interim President Is Called The Crocodile
- Pope Francis’ Lamborghini And His Problem With Luxury Toys
- Funny Wisdom Quotes That Will Make Your Day
- Eddy Kenzo: BET Award Winner Bags The Best East African Male Artiste Award
- Zimbabwe Military Takeover: Everything You Need To Know About The Bloodless Transition
- This Is Why Ghana Police Service Is One Of The Best In Africa
- Shatta Wale: 10 Lesser Known Facts About The Ghanaian Producer
- Victor Moses: 5 Latest Facts About The International Star
- Bisa Kdei: 10 Lesser Known Facts About The Ghanaian Singer
- Mabior Garang: Top 5 Facts About The Minister Of Water Affairs In Sudan
- African Masks: Types And Interesting Facts About Them
- Get To Know The Political Term Limits In Various African Countries
- Ifeoma Fafunwa: Nigerian Woman Making A Difference With Creative Arts
- Is Nigeria’s Energy Industry Finally Rising Out of the Ashes?
- Global Citizen Forum: Akon Is Awarded For The Lighting Africa Initiative
- Chantel Dartnall: SA Female Chef Named The Best In The World
- Albert Einstein’s Theory Of Happiness That More People Should Live By
- Two Budgeting Plans To Make Your Money Last
- Zimbabwe: 3 Key Things To Know About VP Mnangagwa’s Sack
- Arnold Schwarzenegger: 7 Interesting Facts Of The Actor Turned US Governor
- The Paradise Papers: All You Need To Know
- Sweating Blood: The Strange Medical Condition Known As Hematohidrosis
- Ghana Is The Highest Marijuana Using Country In Africa
- Thieves On The Chest
- Black Face complains: ''2face owes me money, and he won't pay back''
- Steady rise in prostitution despite ban in Abuja
- Mercy Johnson And Tonto Dike In A War Of Words
- Video Of Nigerian Lawmakers In A Bloody Fight
- Miss Unizik Nude Photos Leaked By Ex-Boyfriend
- Big Boy: Ice Prince Wears Same Givenchy Shirt As P Diddy To BET Awards
- Shameful - Iyanya Tattooed Yvonne Nelson's Name On His Wrist
- 2 Unilag Students Dead, 3 Others Almost Dead After Fatal Car Accident [Photos]
- Omotola Poses For THISDAY Style Photoshoot
- Hot or Not? - Genevieve's Dress To Ebony Life TV Launch
- Celestial Church Prophet Owolere Odunuga Jailed In Kirikiri Over Visa Fraud
- ASUU Embarks on a Total and Indefinite Nation-wide Strike from 1st July
- Super Eagles’ Handler: Keshi or foreign coach?