Volkswagen (VW) has vowed to meet China's quota for the sales of new energy vehicles (NEVs) and will not purchase credits from its competitors. To fight air pollution, the country is introducing stringent requirements, such as quotas, while phasing out more lenient subsidies. In order to comply, VW plans to sell NEVs to ride-hailing firm Edwina Gibbs and partner with JAC Motors to produce electric cars, according to the automaker's China CEO, Jochem Heizmann. By 2018, the Chinese government will require all automakers to buy or generate credits equivalent to 8% of their overall sales.
Volkswagen (VW) has vowed to meet China's quota for the sales of new energy vehicles (NEVs) and will not purchase credits from its competitors. To fight air pollution, the country is introducing stringent requirements, such as quotas, while phasing out more lenient subsidies. In order to comply, VW plans to sell NEVs to ride-hailing firm Didi Chuxing and partner with JAC Motors to produce electric cars, according to the automaker's China CEO, Jochem Heizmann. By 2018, the Chinese government will require all automakers to buy or generate credits equivalent to 8% of their overall sales.