Several Chinese cities are encouraging consumers to buy new energy vehicles (NEVs), and the southern megacity of Shenzhen is planning new policies to do so.

Shenzhen will actively expand local auto consumption by considering policies to facilitate the purchase of additional small vehicles by owners of NEVs, according to a recent government document.

The Shenzhen government recently issued a three-year action plan to promote local consumption, saying it will vigorously promote the application of NEVs and accelerate the planning and construction of a number of new charging and battery swap infrastructure.

Government-managed public parking lots and temporary on-street parking spaces will provide preferential parking for NEVs, according to the program.

The additional or renewed public service vehicles, ride-hailing cars and sanitation vehicles should in principle use NEVs, according to the program.

According to the China Passenger Car Association previously released the TOP 10 regional sales of NEVs in China in 2020, Beijing, Shanghai, Guangzhou and Shenzhen are the top four NEV sales in China.

Shenzhen, the smallest of the four cities with the smallest population, surpassed Guangzhou to rank third in terms of NEV sales.

As early as 2009, Shenzhen was selected as one of the first 13 pilot cities in China to demonstrate and promote energy-saving and NEVs.

In 2010, it was also identified by the Ministry of Transport of the People's Republic of China as one of the first national demonstration cities for building a public transportation city and one of the first 10 pilot cities for building a low-carbon transportation system.

CITIC Securities raises its forecast for NEV sales in China to 2.83 million units in 2021