How Long is the Waiting List for New Energy Vehicles?

[Sid]

According to the current allocation rules, new applicants for new energy vehicle quotas in this round may have to wait until 2028 to obtain them. Below is an introduction about new energy vehicle quotas or regular quotas: 1. Introduction: The types included in regular quotas and new energy vehicle quotas are different. Regular quotas refer to the incremental quotas for purchasing gasoline-powered vehicles currently seen on the streets when one does not own a car, mainly including traditional energy quotas, while new energy vehicle quotas refer to new types such as natural gas. 2. Policy: To protect the environment, the number of regular quotas available is much smaller than that of new energy vehicle quotas. Further controlling regular quotas is beneficial for China to follow a sustainable development path. Compared to regular quotas, the number of new energy vehicle quotas available is larger. 3. Extension: The new energy vehicle subsidy policy may be extended for three more years. The Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission have reached a consensus to extend China's new energy vehicle subsidy policy for another three years.