Beijing’s media, from Beijing Youth Daily to the China Securities Journal, all report that buyers of pure plug-ins, and pure plug-ins only, will enjoy privileges the regular Beijinger can only dream of: EV buyers will not have to win the lottery to drive a car, they can drive on any day of the week, and they pay no tax. Doesn’t sound exciting to you? It could very well turn Beijing into EV city. Here is why: (Read More…)
Beijing is in a state of confusion after China’s capital drastically slashed the number of license plates available. You literally have to win the lottery to get a plate. Most winners keep the prized (but non-transferable) possession at home. Writes the party organ People’s Daily: “Only about 11 percent of those who won rights to car licenses plates through the new lottery system bought cars in Beijing in January, the first month after restrictions were implemented, according to Chi Yifeng, general manager of Beijing Yayuncun Automobile Transaction Market, the biggest car retail market in China. “ (Read More…)
Want to belong to a really exclusive club? Own a car in Beijing. Don’t have one yet? Sorry, try your luck in the license plate lottery. Out-of–towner? Don’t even think of entering downtown during rush-hour. “Vehicles that are not registered in Beijing are prohibited from entering the urban area inside the Fifth Ring Road during the two daily rush hours,” reports China Daily. Even during off-peak hours, Beijing’s capital is full of surprises for outsiders. (Read More…)
So. Yesterday, Jan 1, was the first day of the grand car rationing in Beijing, China. From now on out, only 20,000 new vehicles per month are allowed onto Beijing’s roads. (If you trade old for new, this rule doesn’t apply.) And what did Beijingers do? Take a taxi? The subway? No, they swamped the system. (Read More…)
China’s Capital Beijing received a largely unwanted Christmas present yesterday: Drastic curbs on new car registrations. “Under the new regulations, vehicles purchased starting today will be subject to strict new restrictions,” reports Global Times, “setting off a last-minute, car-buying spree last night.” (Read More…)
For the past two weeks, China’s capital had been awash in rumors that it would use stern methods to stamp out rampant car growth. Most popular rumor: A one car policy. Only one per resident. There are 4.7 million cars in Beijing and 22 million people. That disparity did not allay the worries of motorized Beijingers. They want their two cars just like they want their two kids. A run on the showrooms ensued, dealers ran out of cars.
In numbers: The city of Beijing usually registers 1000 cars a day. Lately, that number had risen to 2000 a day. The rumors caused panic buying. During the week from Nov. 29 to Dec. 5, “Beijing had 21,000 new cars on the roads, translating to 3,000 more cars per day,” reports People’s Daily. To curb car growth caused by car growth curbing rumors, the city had to do something fast. And they did. (Read More…)
Beijingers who shop for a car increasingly find themselves SOL. Dealers report a shortage of cars. Especially scarce: inventories of Volkswagens, China’s largest passenger car brand. “I have to turn to another auto brand for not being able to get a single car of Volkswagen’s for five months,” a customer named Li Guang complained to China’s Global Times. The paper reports delivery times of 3 months for China-made Polos, Sagitars (formerly known as Jetta) and Magotan (known as the Passat B6 in other countries.) Now, Beijing’s car dealers are pouring more oil on the fire. The rumor mill is ablaze with talk that Volkswagen might postpone its car supply to Beijing’s auto market for January next year, because Beijing might launch new car registration limit policies at that time. The result? (Read More…)