 "carmaker")
The world’s biggest market for electric vehicles wants to get even bigger, so it’s giving automakers what amounts to an ultimatum. Starting in January, all major manufacturers operating in China — from global giants Toyota Motor and General Motors to domestic players BYD and BAIC Motor — have to meet minimum requirements there for producing new-energy vehicles, or NEVs (plug-in hybrids, pure-battery electrics, and fuel-cell autos).
A complex government equation requires that a sizable portion of their production or imports must be green in 2019, with escalating goals thereafter.
The regime resembles the cap-and-trade systems being deployed worldwide for carbon emissions: Carmakers
