Nigeria, Africa’s largest producer of oil, might be in for a big one as China, world’s biggest car market, plans to ban the production and sale of diesel and petrol vehicles.
China has begun studying when to ban the production and sale of cars using traditional fuels, the official Xinhua news agency reported, citing comments by the vice industry minister.
Xin Guobin, the vice minister of transport in China however did not give any details on when the ban would be implemented.
“Some countries have made a timeline for when to stop the production and sales of traditional fuel cars,” Xin, vice minister of the Ministry of Industry and Information Technology, was quoted as saying at an auto industry event in the city of Tianjin on Saturday.
“The ministry has also started relevant research and will make such a timeline with relevant departments. Those measures will certainly bring profound changes for our car industry’s development,” he said.
It would be recalled, the United Kingdom had pledged a ban on new diesel and petrol car sales by 2040.
BMW had also announced plans for an electric Mini to be constructed, while Volvo also progressed towards building cleaner cars.
Literally, the development will threaten the future of oil profitability in Nigeria — the country’s major revenue source.