Electric Vehicle Stocks Surge After China Announces Plan To Ban Petrol And Diesel

Openhearted Rebel

Companies tied to the emerging electric vehicle (EV) market saw their share prices following a Chinese government official’s announcement that China has begun investigating when to ban fossil fuel-based vehicles completely.

By ANTIMEDIA, Thanks to True Activist

Companies tied to the emerging electric vehicle (EV) market saw their share prices Monday following a Chinese government official’s announcement over the weekend that China has begun investigating when to ban fossil fuel-based vehicles completely.

“Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” the vice minister of China’s Ministry of Industry and Information Technology, Xin Goubin, said Saturday, according to the state-run Xinhua News Agency.

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