What does the Guangzhou fuel vehicle quota indicate?

[Freddie]

Guangzhou fuel vehicle quota refers to the qualification obtained through methods like lottery or auction in Guangzhou, allowing the registration of fuel vehicles in the city. Both fuel vehicle quotas and new energy vehicle license plate quotas fall under the category of Guangzhou license plate quotas. Guangzhou license plate quotas include the following two types: Existing quotas and incremental quotas. Existing quotas are held by car owners who purchased vehicles and registered them in Guangzhou before the license plate restrictions were implemented. Incremental quotas are for car owners who need to register vehicles in Guangzhou after the license plate restrictions were imposed, requiring participation in a lottery or auction to obtain them. Application conditions for Guangzhou license plate quotas: Residency in the city, possession of valid identification and a valid motor vehicle driver's license, no registered medium or small passenger vehicles in the city under the applicant's name, or if such vehicles are registered as 'cancelled' or 'stolen' in the comprehensive application platform for public security traffic management, no valid medium or small passenger vehicle quotas in the city under the applicant's name, ineligibility to apply for renewal quotas, and no overdue unused incremental quotas obtained through lottery within the past 2 years.