Tianjin to increase personal car license plate quota to boost auto sales

Shanghai (Gasgoo)- Tianjin, one of cities in China where the automobile purchase restriction policy has been implemented, is going to increase the car license plate quota for individual users as part of efforts to stimulate automobile sales, according to a document issued by Tianjin Municipal Government on May 2.

The policy maker also said it is necessary to optimize the management measures for motor vehicle purchase restriction and the vehicle purchase indicators that have been abandoned over the years can be appropriately revitalized to better meet residents' car consumption demands.

Besides, in a bid to promote the application of new energy vehicles (NEVs) at a proper pace, the authorities need to put in place the national policies pertinent to subsidies and tax reduction & exemption, and replace the buses in built-up areas and special-purpose vehicles used at ports, airports and rail yards with NEVs.

In addition, automobile sellers registered in Tianjin are encouraged to offer discounts so as to have more consumers attracted to buying NEVs or new vehicles that meet national emission standards.

The governmental measures also highlight a faster move on building the so-called “new infrastructures”, which encompass a range of sectors, including 5G, ultra-high-voltage power facilities, inter-city transport, EV charging stations, big data centers, artificial intelligence, and industrial internet. For instance, the city plans to build over 4,000 EV charging piles in 2020 based on the construction deployment of urban public parking lots and residential parking spots.