The government's decision of not coming up with a separate electric vehicle policy opens the door to another incentive system that could piggyback on fuel efficiency standards. Such a system is already prevalent in China and Europe.
Experts believe until government promotes electrification, there will be a gap in the auto space. Original equipment manufacturers (OEMs) are not going to be able to absorb the entire cost of emission and efficiency standards, therefore, diesel will get more expensive and consumers will turn to gasoline.
"Just waiting for diesel to get more expensive is not enough. The government not only needs