Mexican Media Brands
China Carmakers Want Limits Eased on Vehicle Licenses
China's largest cities should relax their limits on license plates to help reverse three months of declining year-on-year car sales, the China Assn. of Automobile Manufacturers suggests.
#regulations
Share
China's largest cities should relax their limits on license plates to help reverse three months of declining year-on-year car sales, the China Assn. of Automobile Manufacturers suggests.
Seven of China's largest cities have been rationing the number of license plates they issue per year in an effort to reduce air pollution and traffic congestion. CAAM estimates that raising those limits could boost car sales by about 2% per year, thus protecting auto industry jobs.
CAAM previously predicted that car sales in China would rise about 3% this year. But the group also warned on Thursday that without stimulus, full-year wholesale car deliveries could shrink instead for the first time in decades.
Carmakers had expected increased demand in smaller cities would more than offset stalled sales in such megacities as Beijing and Shanghai. That hasn't happened.
RELATED CONTENT
-
Toyota Targets 2021 Launch for V2V Tech in U.S.
Toyota Motor Corp. plans to expand its vehicle-to-vehicle communication technology to the U.S. by 2021 and offer it across most Toyota and Lexus models in the country by mid-decade.
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.
-
Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.