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According to foreign media reports, China, the world's largest car market, said it is studying the eventual banning of internal combustion engine vehicles, boosting the growing global trend. China may soon join the ranks of Britain and France. Britain and France recently announced that they will ban the production of diesel and gasoline engine cars by 2040.

If China really implemented such a policy and set a deadline, it would greatly push forward its efforts to end the dominance of the internal combustion engine.

China's electric vehicle development tends to mature

China is pushing forward with the development of new energy vehicles, but for some companies the gold rush has not yet begun because the government will phase out subsidies. Beijing is concerned about the worsening urban pollution, climate change and China's reliance on imported oil, and is encouraging the development of the new energy automotive sector through such measures as subsidies and easier licensing of new energy vehicles.