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

at 10:35 AM, 11/09/2017 (8 months ago)
(5886 | 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, 11/09/2017 (8 months ago)
(12291 | Hero) (m)
Wettin concern us with their car
Reply
crocatum at 11:31 AM, 11/09/2017 (8 months ago)
(3253 | Gistmaniac) Online (m)
Quote from: Oworen25 on 11:13 AM, 11/09/2017
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, 11/09/2017 (8 months ago)
(1370 | Gistmaniac) (m)
WASTED GENERATION
Reply
ruthie at 12:18 PM, 11/09/2017 (8 months ago)
(16415 | Hero) (f)
NIGERIAN SHOULD BETTER GO AND RE-STRATEGIZE...IN 2020, PETROL DRIVEN CARS WILL GO IN TO EXTINCTION
Reply
chukkychukky at 12:33 PM, 11/09/2017 (8 months ago)
(6662 | Gistmaniac) (m)
we wey no dey get light hw we wan take drive am
Reply
Sniper101 at 01:07 PM, 11/09/2017 (8 months ago)
(1947 | 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
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Floyd29 at 06:54 PM, 11/09/2017 (8 months ago)
(2176 | Gistmaniac) (f)
Better oh
Reply
tegonwa at 09:08 PM, 11/09/2017 (8 months ago)
(6388 | Gistmaniac) (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, 16/09/2017 (8 months ago)
(30696 | 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, 24/09/2017 (8 months ago)
(15390 | Hero) (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
BournIdentity at 06:01 AM, 25/09/2017 (7 months ago)
(46340 | Addicted Hero) (m)
Roll Eyes                                                                           
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