Lithium Americas Corp T.LAC

China EV to be 8% in 2018 And 12% in 2020

[JRcurius]

https://kirillklip.blogspot.co.uk/2016/11/the-centre-of-lithium-universe-china-is.html

The Centre Of Lithium Universe: China Is Pushing For ZEV Mandate: 8% Of New Cars To Be Electric By 2018, 12% By 2020.

"China is The Center Of Lithium Universe, links below will provide you with more information why it is really happening so fast. China is already the largest market for electric cars,BYD backed by Warren Buffet is the largest EV manufacturer in the worldandChinese companies are producing the largest amount of lithium chemicals for the batteries.There are 25 companies which are making 51 models of electric cars in China now. This year we will see over 500,000 EVs sold in China. It took GM 7 years to sell 100,000 Chevy Volts from 2009. BYD will sell 100,000 EVs this year alone!

Now Electrek reports that China is pushing for the very aggressive ZEV mandate: "8% Of New Cars To Be Electric By 2018, 12% By 2020." I will translate: this year we are getting just over 1% of new cars sales in China. By 2018 they are talking about a factor of 8 and by 2020 about the 12 times that amount! Digest. Maybe the Orange is the new Black, but economics has still the same language, money talks. And Green is the color of money these days. BYD estimates its profit up 84% this year after triple digits growth before!Read more."