1. From January to October 2018, nearly 700,000 “new energy vehicles” were produced – 91 percent increasing YoY.
2. In some cities, like Shenzhen, all newly acquired city buses and taxis are equipped with electric drives.
3. Our government has issued some regulations to encourage the growth of the electric vehicle industry. Manufacturers must meet an electric vehicle quota, for example, with vehicles that offer greater range counting more than those offering less. In Beijing and Shanghai, electric vehicles are issued a license plate without having to participate in the usual lottery. This lottery only limits the number of registrations of conventionally powered passenger cars.