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BRIEF-Fitch says China not likely to achieve complete ban of sales of fossil-fuel-powered vehicles within next 20 years
September 14, 2017 / 8:34 AM / in 2 months

BRIEF-Fitch says China not likely to achieve complete ban of sales of fossil-fuel-powered vehicles within next 20 years

Sept 14 (Reuters) -

* Fitch says China is not likely to be able to achieve a complete ban of sales of conventional fossil-fuel-powered vehicles within next 20 years

* Fitch says Chinese government’s existing goal to increase market share of new energy vehicles to 20% by 2025, from 1.8% in 2016, will not be easily achievable

* Fitch says growth of sales of new energy vehicles in China may slow once government subsidies phase out by end-2020 Source text for Eikon:

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