In Shanghai, Tesla Model S Buyers Can Save Up To $15,000 In License Plate Fees

3 years ago by Mike Anthony 4

Tesla Model S in China

Tesla Model S in China

Tesla Model S Design Studio In China - Company Owned & Operated

Tesla Model S Design Studio In China – Company Owned & Operated

Currently in Shanghai, the largest and wealthiest city in China, buyers of a new vehicle have to bid for a license plate through an auction by the government.  The bidding can end up costing buyers up to $15,000 USD.

This bidding war for a license plate is the result of Shanghai’s attempt to control the number of new vehicles on the road and to limit pollution and traffic jam issues.

Now, buyers of a Tesla Model S will receive a free license plate. A few other electric vehicles are newly exempted from license plate fees too, but previously this exemption was only valid for electric vehicles manufactured in China.

The Shanghai government has granted a special exemption for electric vehicles made outside of China. However, the grant is only valid for 3,000 vehicles per automaker. After the 3,000 vehicles, the automaker will have to ask the Shanghai government to receive additional grants.  It’s not yet known if the government will approve the request for additional grants.

However, Tesla Motors does not expect to sell more than 3,000 Model S vehicles quickly in Shanghai, so the limitation shouldn’t be an issue.

The Model S currently ranges from $121,000 USD (or 734,000 yuan) to $140,000 USD (or 852,000 yuan) in China.

Official deliveries of the Model S have commenced in Beijing, China.  We believe deliveries in Shanghai are set for June 2014.

Source: CarNewsChina

 

 

Tags: , , ,

4 responses to "In Shanghai, Tesla Model S Buyers Can Save Up To $15,000 In License Plate Fees"

  1. Suprise Cat says:

    That’s a senseless claim, because the price is based on a single every reached record price on a black market auctioned license plate.

    Participating in the official license plate lottery costs only a handful yuan fee.

    1. Mikael says:

      Well, what is more interesting than the fee is that people who want to buy a Tesla can do it straight away without hoping for luck in a lottery.

    2. Rob Stark says:

      My understanding is that Beijing does a lottery system while Shanghai does an open auction system.

      Cost for license plate is $10k-$15k.

      Even if the prices are black market it is not a senseless claim, because that is how much money is saved in the real world for Shanghai customers (or customers that can register in Shanghai) looking to buy a sedan in the $120k plus category.

      1. Mikael says:

        Damn… you’re right (and that is why you are writing articles and we are just commenting 😉

        In October 2013 the lowest bid that got a licence plate was about $12k. And because of that they had a price cap at $11k for November and December 2013.