| Shenzhen has decided to impose limits on car purchases, the local government announced on December 29th. The city begins to curb auto purchases for an initial period of five years, during which there will be an annual vehicle ownership quota of 100,000, according to the traffic police department of Shenzhen Public Security Bureau. Of the total quota, 20,000 will be allocated to purchases of electric cars via a lottery process. And the rest of the quota will be for traditional cars and divided between a lottery process and a bidding process. In addition to car purchase limits, the city also bans passenger vehicles with license plates issued in other places from four of Shenzhen's main districts during peak times on working days. News Resource |
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