STOCK MARKET BSE NSE

Beijing records highest electric vehicle registrations

Beijing plans to allow 60,000 new energy vehicles on the road this year, with 25,424 already assigned in the first two rounds.

Published: 11th June 2016 11:03 AM  |   Last Updated: 11th June 2016 11:03 AM   |  A+A-

By IANS

BEIJING: Beijing has recorded the highest ever number of requests for electric vehicle (EV) registration in a third round of applications that ended on June 8.

A total of 17,600 individual and company applicants submitted applications for EVs, about 5,000 more than the previous round, according to bjhjyd.gov.cn, which announces Beijing's car quota allocation every two months.

Beijing plans to allow 60,000 new energy vehicles on the road this year, with 25,424 already assigned in the first two rounds, Xinhua reported.

This year's quota will probably be used up in the next round which ends in August, according to the Beijing Times. Unless the quota is increased, new applicants will have to wait until next year.

In Beijing, a license plate lottery system is turning many drivers to electric cars, which receive government subsidies and face no odd-even car ban.

About 90,000 new-energy vehicles were sold in China in the first four months this year, up 131 percent year on year, according to the China Association of Automobile Manufacturers.

Stay up to date on all the latest World news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp