New Energy Vehicles

Beijing Raises NEV Quota in Plate Allocation – Xinhua

December 30, 2021

The city will allocate 100,000 new car plates in 2022, and the quota for new energy vehicles will be increased from 60,000 to 70,000

China Evergrande EV battery cars — Test cars are parked outside the Evergrande New Energy Vehicle's research centre in Shanghai. Legend Capital said the penetration rate of new energy vehicles in China reached 25.3% in April, and according to the industry forecasts, it will increase to 35% by the end of the year. File photo: Reuters.

Beijing Municipality will raise the quota of new energy vehicles (NEVs) in the latest number plate allocation next year, Xinhua reported.

The city will allocate 100,000 new car plates in 2022, and the quota for NEVs will be increased from 60,000 to 70,000. The quota for petrol cars will be reduced from 40,000 to 30,000.

Read the full report: Xinhua.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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