ICE car values plummet in China and it is the canary in the coal mine

Electrek
By Jameson DowApr 1, 2023, 4:32 pm374 pts
A looming crisis is brewing in China, as hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules. It’s another sign that the global auto industry isn’t ready for the shift to EVs and will be caught unawares if it doesn’t ramp EV production…

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