CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

China’s industry ministry is developing a timetable to end production and sale of  fuel cars and will promote development of electric technology as Beijing seeks to ease pollution.

The country’s Deputy industry minister, Xin Guobin told a forum in the northern city of Tianjin at the weekend that his ministry had started “relevant research” and is  working on a timetable for the ban.

In July, France and Britain announced that  they will stop sales of petrol and diesel cars by 2040 regarding to the  efforts to reduce pollution and carbon emissions which tends to contribute to global warming.

Beijing has ordered state-owned Chinese power companies to speed up installation of charging stations to increase the appeal of electrics.

Geely, volvo’s chinese owner had already said all its new model would have an electric motor from 2019. And also aims by the year 2025 to sell one million electric cars. Other global firms including ford, Renault-Nissan, Volkswagen AG are all working to manufacture electric cars in china.

This plan will cause and effect oil demand in china. And china is currently the world ‘s second -largest oil consumers after U.S.