China has delayed a mandatory carbon trading scheme for its auto industry aimed at boosting the production of battery cars after pressure from automakers who said they needed more time to comply.
The widely expected set of new regulations were issued on Thursday by China’s Ministry of Industry and Information Technology, following circulation of a draft earlier this year.
The scheme would see China charge carmakers carbon credits for every combustion engine car they produce in the country, and allow them to earn credits by producing new energy vehicles (NEVs).
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