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Probably the most significant policy lever Beijing had was the license plate lottery. You can buy any car you like, but you can't legally drive it unless you ha
by hunglee2 2y ago
Probably the most significant policy lever Beijing had was the license plate lottery. You can buy any car you like, but you can't legally drive it unless you have a license plate, which is acquired separately from the vehicle. ICE car buyers have to go into a license plate lottery, whilst EV car buyers are guaranteed a plate. It's pretty much killed the ICE market in China