CHINA-ECONOMY: SHANGHAI DECIDES THAT HALF OF NEW AUTOMOBILES SHOULD BE PURE ELECTRIC VEHICLES TO SLASH CARBON EMISSIONS
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According to the latest new-energy vehicles (NEV) development plan released on February 25, pure electric vehicles should make up half of the new cars sold in Shanghai by 2025, according to an aggressive plan that comes as localities are looking for ways to slash carbon emissions to meet ambitious national pledges. Shanghai also wants all buses, government cars and trucks operating downtown, as well as postal vehicles, to be new-energy vehicles (NEVs) by the same year.
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