Top Commenters For This Month Will Be Winning Nice Cash Prizes, See The Leaders List Here

Nigeria In Trouble As Biggest Car Market, China Plans To Ban Production And Sale Of Petrol Vehicles

at 10:35 AM, 11 Sep 17 (1 week ago)
(2557 | Gistmaniac) (f)

The world’s biggest car market, China, is now planning to ban the production and sale of diesel and petrol vehicles, further threatening the future profitability of oil — Nigeria’s major revenue source.
 
BBC reports that the development is coming two months after the UK, like  Germany,  France, India, Norway and Netherlands, revealed plans to ban fuel-run cars, as part of efforts to reduce air pollution.
 
The ban will lead to a reduction of oil demand in China, as the country is currently the world’s second-largest oil consumer after the United States, US.
 
China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.
 
Xin Guobin, China’s vice industry minister, said it had started “relevant research” but that it had not yet decided when the ban would come into force, according to BBC.
“Those measures will certainly bring profound changes for our car industry’s development,” Guobin told Xinhua, China’s official news agency.
 
China made 28 million cars last year, almost a third of the world’s total production.
 
Chinese-owned carmaker Volvo said in July that all its new car models would have an electric motor from 2019.
 
Geely, Volvo’s Chinese owner, aims to sell one million electric cars by 2025.
 
Other global car firms including Renault-Nissan, Ford, and General Motors are all working to develop electric cars in China.
Oworen25 at 11:13 AM, 11 Sep 17 (1 week ago)
(11217 | Hero) (m)
Wettin concern us with their car
Reply
crocatum at 11:31 AM, 11 Sep 17 (1 week ago)
(2368 | Gistmaniac) Online (m)
Quote from: Oworen25 on 11:13 AM, 11 Sep 17
Wettin concern us with their car

it concerns our oil profits, once china does this and china has nothing to gain from oil, it will cause a ripple or cascading effect, where the profit of oil will no more be important
Reply
ejikeiyo at 11:55 AM, 11 Sep 17 (1 week ago)
(1135 | Gistmaniac) (m)
WASTED GENERATION
Reply
ruthie at 12:18 PM, 11 Sep 17 (1 week ago)
(6455 | Gistmaniac) (f)
NIGERIAN SHOULD BETTER GO AND RE-STRATEGIZE...IN 2020, PETROL DRIVEN CARS WILL GO IN TO EXTINCTION
Reply
chukkychukky at 12:33 PM, 11 Sep 17 (1 week ago)
(5588 | Gistmaniac) Online (m)
we wey no dey get light hw we wan take drive am
Reply
Sniper101 at 01:07 PM, 11 Sep 17 (1 week ago)
(1274 | Gistmaniac) (m)
if Saudi Arabia(who produces and exports oil far more than any other country in the world) and the United states(who's citizens consume gas/petrol more than everybody else) survives this, then am sure Nigeria and Nigerians will survive it too


.....Nigerians have always been known for their enviable ability to adapt
Reply
Floyd29 at 06:54 PM, 11 Sep 17 (1 week ago)
(2147 | Gistmaniac) Online (f)
Better oh
Reply
tegonwa at 09:08 PM, 11 Sep 17 (1 week ago)
(5569 | Gistmaniac) Online (m)
No Be Small Trouble Be Dis O.Na Im Be Say Na We Go Dey Drink Our Petrol By Ourselves.Baba God Abeg Helep Us.Amen.Nawaa O!
Reply
yawa_don_gas at 04:28 AM, 16 Sep 17 (1 week ago)
(30903 | Addicted Hero) (m)
Please please hold on, why e be say everywhere I take even when I wan hide yawa dey there?
Why why?
Na yawa life, yawa goes on
Reply
Novic at 05:34 PM, 24 Sep 17 (49 mins ago)
(14390 | Hero) Online (m)
This is serious ooooo..... make I just dey waka pass..... abeg I dey waka pass, I will come and comment later.
This one weak me ooooo, well life must goes on.
I dey waka come bare
Reply

LATEST COMMENTS

  1. tonyigho on: Don Jazzy Is Impotent! - Facebook User, Queen Dina Claims Sexual Affair With Mavin Boss
    this girl is a gold digger that have plan, because she see other girls getting pregnant for celebrit... 4 mins ago ago
  2. tegonwa on: BESTIALITY! 15-year-old Boy Caught Having Sex With Goat In Niger
    What A Life!Only In The North!Where Is Zaki My Hausa Friend?Too Hopeless!Nawaa O!... 9 mins ago ago
  3. tegonwa on: BIAFRA! Nigerian Army Declares Victory Over IPOB In The South-East
    Nigerian Army, Not Yet Uhuru.You Have Pushed IPOB And Igbos To The Wall.Do Not Be Surprised What You... 12 mins ago ago
  4. tegonwa on: BIAFRA! Nigerian Army Declares Victory Over IPOB In The South-East
    [quote author=misterjohn link=topic=344395.msg5344405#msg5344405 date=1506201597]boko haram is just ... 16 mins ago ago
  5. tegonwa on: Orobosa Igbinedion, Esama Of Benin's Daughter Shows Off Baby Bump At Baby Shower
    Congrats Anyway.Nawaa O!... 19 mins ago ago

September Leaders

yawa_don_gas(1771) - tegonwa(1395) - Oworen25(1196) - Floyd29(1027) - ruthie(813) - BournIdentity(539) - kacylee(453) - pricklong(415) - gogoman(411) - Novic(379) - felicilin(295) - bayonel3(252) - OkeEyitayo(231) - fineboy77(214) - CHRISETTE(192) - bohlah(179) - Patrioti(167) - james987(165) - kayveetee(160) - follyflex(145) -