A car number plate alone can cost almost 100,000 yuan in Shanghai – more than three times the cost of the Hongguang Mini EV, pictured. Photo: Reuters
A car number plate alone can cost almost 100,000 yuan in Shanghai – more than three times the cost of the Hongguang Mini EV, pictured. Photo: Reuters
Business of climate change
Money /  Spending

Price of a small electric car in Shanghai could more than quadruple under plans to scrap free licence plates for cheap EVs

  • According to three managers with local car dealerships, the municipal government has suspended granting free licence plates for electric cars priced below 100,000 yuan (US$15,544)
  • The policy change, expected to be announced in the coming weeks, is sure to dent demand for bestsellers such as the Hongguang Mini EV and Ora-branded cars

Daniel Ren
Daniel Ren in Shanghai

Updated: 12:39pm, 19 May, 2021

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A car number plate alone can cost almost 100,000 yuan in Shanghai – more than three times the cost of the Hongguang Mini EV, pictured. Photo: Reuters
A car number plate alone can cost almost 100,000 yuan in Shanghai – more than three times the cost of the Hongguang Mini EV, pictured. Photo: Reuters
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