Employees work on an assembly line producing electronic cars at a factory of Beijing Electric Vehicle, funded by BAIC Group, in Beijing, China, January 18, 2016. REUTERS/Kim Kyung-Hoon
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China's auto industry is charging ahead with aggressive plans to electrify cars even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas for plug-in cars.While green energy car sales have risen dramatically on the back of government policies, making China the world's leading market in this segment, electric cars have otherwise generated little consumer interest. They make up less than 2 percent of China's overall auto market of 28 million vehicles sold last year.Industry executives expect Beijing to ask automakers operating in China ultimately to generate green car credits equivalent to 12 percent of annual sales volume with NEVs by around 2020, with each green vehicle getting a different number of credits depending on the level of electrification and driving range.It also plans to bring an all-electric sport-utility vehicle to China over the next five years.General Motors Co., one of the largest automakers in the Chinese market, plans to launch at least 10 NEVs by 2020 . Toyota has said it will locally build plug-in hybrids and sell them in China, starting in 2018, although it has not said when all-electric car models would hit Chinese showrooms.
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