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24-Jan-2013



PHOTO CAPTION: One of first Shanghai electric car license plates issued to Qian Jun.

Shanghai to Issue First Electric Car License Plates

With new ICE-age car plates costing up to $12,000 at auction, free plates for electric cars is seen as a strong incentive for drivers to buy electric cars.

Shanghai's traffic authority will issue the city's first free set of license plates for electric vehicles later this week.

The move is an incentive for drivers to buy electric cars as the price of license plate registration in the city continues to rise.

The lowest winning bid for a regular set of plates reached 75,000 yuan ($12,067) at the first auction of this year, up 6,100 yuan from last month, according to a report in the Shanghai Morning Post.

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