Nation plans to phase out gasoline-fueled vehicles in near future

China, the world's biggest vehicle market, will phase out the production and sale of fossil fuel cars in the near future, which will give the new energy vehicle sector a major boost, according to experts.

"Vehicle fumes account for over 80 percent of the country's emissions of carbon monoxide and hydrocarbons, and 90 percent of nitrogen oxide and particulate matter emissions," said Sun Fengchun, vice-president of the Beijing Institute of Technology.

"The rapid development and popularization of new energy cars and the economically viable and socially beneficial solutions they offer mean it's only a matter of time before they fully replace fossil fuel cars."