Must New Energy Vehicles Be Owned for Three Full Years Before They Can Be Sold?
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Some regions require it. Below is the relevant information: Development Plan: On July 9, 2012, the State Council officially issued the "Energy-saving and New Energy Vehicle Industry Development Plan," stating that the development of the new energy vehicle industry would focus on pure electric drive as the main strategic direction for the transformation of the automotive industry, with current priorities being the industrialization of pure electric vehicles and plug-in hybrid electric vehicles. In recent years, the new energy vehicle market has been experiencing rapid growth. Implementation Regulations: The "Shanghai Measures to Encourage the Purchase and Use of New Energy Vehicles" stipulate that if a Shanghai-licensed new energy vehicle is transferred or undergoes changes, the special license plate quota must be used for at least three years from the date of issuance before it can be processed. In other words, if a vehicle owner registered their car in July 2015, they would have to wait until July 2018 to regain eligibility to purchase a new energy vehicle. Negative Growth: China's new car sales have experienced negative growth for three consecutive months. However, in this weak market, new energy vehicles have become a bright spot. Data released by the China Passenger Car Association shows that in September, new energy vehicle sales reached 95,000 units, a 68.6% year-on-year increase, with cumulative sales reaching 631,000 units, surpassing the total sales for the entire year of 2018.
