China’s Tianjin municipality has introduced measures to slow the growth of its vehicle population/parc, as it tries to tackle traffic congestion and rising levels of air pollution.
On January 1 2014, the city administration, covering a metropolitan area of around 14 million people, launched an auction for new licence plates as part of a new quota-based system for new vehicle registrations.
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Sixty percent of an initial quota of 100,000 new car licence plates will be issued through open auction, including 50,000 for conventional cars and 10,000 “fuel-efficient” cars. The bidding for conventional car licence plates started at CNY 10,000 (USD 1,650).
Private buyers will be allocated 88% of the auctioned licence plates, with companies allowed to bid on the remaining 12%. The city administration will use the funds to improve public transport.
Other cities in China that have introduced restrictions on new car sales include Shanghai and Beijing.
