In the first half of the year, NEVs, including BEVs and PHEVs, saw 152,033 license plate registrations in Shanghai, contributing to 51.24 percent of all vehicles.
As one of China's most electric vehicle (EV)-friendly cities, Shanghai shared its goals for the sector over the next two years.
Shanghai will accelerate the electrification of public sector vehicles and encourage the electrification of privately owned passenger cars, said a 2023-2025 clean air action plan released by the Shanghai government today.
The city will continue to promote the piloting and promotion of pure electric and hydrogen fuel cell heavy-duty freight vehicles, according to the document.
Shanghai aims to have the total number of fuel cell vehicles exceed 10,000 by 2025, and the proportion of battery electric vehicles (BEVs) among new vehicles purchased by individuals exceed 50 percent, according to the plan.
The plan does not mention anything more about EVs. The city is home to Nio's (NYSE: NIO) global headquarters and Tesla's factory in China.
Shanghai saw 34,602 license plate registrations for NEVs in June, up 22.32 percent from May, data from the Shanghai Economic Information Center shared by the China Passenger Car Association (CPCA) on July 14 showed.
New energy vehicles (NEVs) contributed 58.20 percent of Shanghai's 59,454 registrations of all vehicle license plates in June, according to the data.
In the January-June period, NEVs saw 152,033 license plate registrations in Shanghai, contributing 51.24 percent of all cars.
Notably, in China, NEVs include BEVs, plug-in hybrids (PHEVs), and fuel-cell vehicles.
The percentage of sales of these different power types in Shanghai is unknown, though the city is no longer offering free license plates for PHEVs from this year, while BEVs can continue to get them for free.
In Shanghai, residents who want to buy conventional combustion engine vehicles and PHEVs currently need to successfully obtain a license plate in advance in an auction system.
In Shanghai's monthly license plate auction, there were 106,115 bidders in July, according to data released on July 22 by Shanghai International Commodity Auction Co Ltd.
This is down from 111,648 in June and continues to be a record low since February 2015.
The number of fuel-vehicle license plates available for auction in July was 13,075, representing a winning bid rate of 12.3 percent, up from 11.5 percent in June.
The auction's lowest winning bid was RMB 92,300 ($12,840), and the average selling price was RMB 92,330.
($1 = RMB 7.1866)
Shanghai fuel car license plate bidders fall further to 106,115 in Jul
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