Shanghai’s regulations on promoting new-energy vehicles take effect

SHANGHAI, March 1 (Xinhua) — Shanghai’s new regulations on encouraging citizens to purchase and use new-energy vehicles (NEVs) took effect on Monday.

Local consumers can apply for special license plates for new-energy vehicles free of charge if they own only one such vehicle and it is for non-operational use, according to the regulations.

However, consumers who plan to buy plug-in hybrid vehicles should already have charging facilities in Shanghai and not own any cars registered as non-operational status, although motorcycles are excluded.

In a bid to promote the use of NEVs, Shanghai will upgrade existing public charging points into fast-charging ones and aim to build a network with 10,000 charging points. Meanwhile, the city will produce over 10,000 fuel-cell vehicles with 70 charging stations by 2025.

Shanghai aims to become a global hub for new-energy vehicles. According to SAIC Motor, a major Chinese carmaker based in Shanghai, sales of the company’s NEVs reached 320,000 units in 2020, up 77.8 percent year on year. On Jan. 18, U.S. electric car-maker Tesla started delivering its Model Y vehicles, which are made at its Shanghai factory.

Related posts

Eurozone finance ministers confident of EU long term budget discussion


Kazakh foods taste business opportunities at import expo


71 pct of existing green bond issuers plan more deals in Hong Kong: report