How Long is the Validity Period of Passenger Vehicle Quotas?
1 Answers
Beijing passenger vehicle quotas have been extended to one year. Here are the relevant details: 1. Purpose of the validity period extension: Based on suggestions from NPC deputies, CPPCC members, and the general public, this revision extends the quota validity period. On one hand, it provides citizens with more time to reasonably arrange their car purchase plans, and on the other hand, it helps further slow down the growth rate of motor vehicles; 2. Scope of extension: According to reports, the validity period extension applies not only to newly allocated quotas but also extends the time limits for applying for replacement quotas after transferring or scrapping a vehicle, as well as the time limit for purchasing and registering a new vehicle after obtaining the replacement quota. In other words, citizens who obtain a regular quota through the lottery or a new energy vehicle quota through the waiting list have one year to make their choice, while those replacing their vehicles have two years from scrapping their old vehicle to purchasing a new one.