Hi guys, this is a game changer for Lithium, Graphite, Cobalt and Nickel Demand (main cathodes and anodes battery components). China imposes 10% EV sales madate on car companies as early as 2019.
Quote :
China previously announced a scheme for automakers to need zero-emission vehicles (ZEVs) to represent 8% of new car sales as soon as 2018, 10% in 2019, and 12% by 2020.
The Ministry of Industry and Information Technology announced today that they are canceling the requirement for 2018, but they are keeping the 10% requirement in 2019 – meaning that the ramp is steeper, but automakers still have one more year to prepare before their business is impacted.
The impact is similar to other ZEV mandates, like in California, where if automakers don’t accumulate enough credits through the sales of zero-emission vehicles, they have to purchase them.
Like in California, some automakers are expected to just buy the credits.
