New Chinese rules mandating a boost in electric vehicle production are raising fears of a glut of battery-powered cars that carmakers will be hard pressed to sell.
Regulations adopted in September require EVs to account for up to 8 per cent of sales by 2020. But this far exceeds current demand in China, where electric vehicles accounted for just over 1 per cent of sales last year.
Now industry experts are voicing concerns that this will hit profits — and that some carmakers may not survive.
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