Beijing has issues directives to Chinese cities with restrictions on vehicle purchases to start easing the limitations and provide additional quotas for vehicle purchases, this spotted on a circular which sad was aimed to create new consumer demand.
The circular, made public on Monday, was released by government departments including the National Development and Reform Commission and the Ministry of Commerce.
Local governments it said are encouraged to support vehicle replacement and renewal when conditions allow, according to the circular.
It noted that efforts will be made to steadily promote the commercialization of autonomous driving and new scenarios for advanced smart driving.
The noticec read, automobile-related products and services will be enriched in diverse scenarios, such as car races, camping, and car modification and that the country will also further enhance the safe and convenient trading of used cars, according to the circular.
China’s EV industry is facing a multi cornered fight with the European Union slapping a huge tariff on China made cars, while the US aiming to to protect its own automotive industry is finding ways to via tariff’s to block exporters. Both markets have accused China of heavily subsidising its electrice automotive sector.
