The greenhouse gas emissions standards for the transportation sector, harmonized with the United States, are in place for new cars and light trucks. In 2014, the final regulations to further limit greenhouse gas emissions from cars and light trucks of model year 2017 and beyond were released. As a result of these regulations, it is projected the average greenhouse gas emissions from 2025 vehicles will be reduced by 50% from those sold in 2008.
With regard to the heavy duty vehicles, in 2014 our government announced it intends to start developing more stringent standards to further reduce greenhouse gas emissions and fuel consumption from the post-2018 model year heavy duty vehicles and engines. In September 2014 our government published proposed regulations to align with the United States' tier 3 vehicle emission and fuel standards. The proposed regulations would introduce more stringent standards for cars, light duty trucks, certain heavy duty vehicles, and for the 2017 and later models that would reduce smog-forming air pollutant emissions by up to 80% compared to the current standards. This would also reduce the amount of sulphur in gasolines by nearly 70% beginning in 2017.