According to the Beijing Daily, the relevant person in charge of the Municipal Environmental Protection Bureau revealed that if the national commercial vehicle is successfully switched to the National IV standard on July 1st next year, the Beijing commercial vehicle will be ahead of the national standard and will be directly upgraded from the national III emission to the current European V. Grade standard.
Sinopec and PetroChina estimated that each ton of gasoline was upgraded from State IV to standard European V, and the cost was increased by approximately 300 yuan. To this end, it is necessary to upgrade the entire oil refining system. Yanshan Petrochemical has transformed the 10 million-ton oil refining system supported by the Beijing Olympic Games. The total investment is reportedly as high as RMB 5.7 billion.
It is also known that domestic car manufacturers can provide more European V-emission passenger vehicles, which has reached 366 types at present, and can achieve a smooth transition in the Beijing automobile market. However, only a handful of commercial vehicles and diesel engines that meet Euro V emissions are available. The major commercial vehicle manufacturers in China have tracked the upgrade of Beijing's emission standards in advance, and will have no problem with the products of the European Standard V next year.
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