ICE Car Values Plummet In China: It Is the Canary In the Coal Mine

02 Apr 2023 | Abstracted from Electrek

"...hundreds of thousands of unsold, polluting gas-powered vehicles may be rendered unsellable due to incoming emissions rules...were announced all the way back in 2016...gave automakers almost seven full years of notice..don't ban all gas cars, but they do set stricter emissions standards on several pollutants...Dealership foot traffic is high, but customers simply aren't buying...China's EV market share is now a whopping 30%"

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