What does new energy vehicle quota or regular quota mean?
2 Answers
New energy vehicle quota refers to the eligibility to purchase new energy vehicles, while regular quota refers to the eligibility to purchase either fuel-powered vehicles or new energy vehicles. Regular quota has broader applicability: Entities and individuals holding regular quotas can purchase both conventional fuel-powered vehicles and new energy vehicles. However, those holding new energy vehicle quotas can only purchase new energy vehicles. Scope of new energy vehicles: New energy vehicle models eligible for purchase under the new energy quota are listed in the catalog issued by the Ministry of Industry and Information Technology of China. Currently, this includes only pure electric vehicles and plug-in hybrid electric vehicles. Some cities also allow the purchase of range-extended electric vehicles.
The new energy vehicle (NEV) quota is a license plate issued by the government for pure electric or plug-in hybrid vehicles, making it easier to win in the lottery draw, as the policy encourages environmental protection. The regular quota is for traditional gasoline-powered vehicles, which is harder to win in the lottery, involves long waiting times, and requires payment of a purchase tax. The fundamental difference lies in the fuel type and acquisition method. In cities with license plate restrictions like Beijing, it is recommended to directly apply for an NEV to save hassle and money. Many cities now offer generous subsidies, and driving an electric vehicle allows for quick acquisition without going through the lottery. I chose an NEV and won the lottery on my first try—super convenient!