AsianFin -- Shanghai's Transport Commission announced on Friday that it has released a draft revision of the "Regulations on the Auction of Non-Commercial Vehicle Quotas" and is seeking public feedback. The consultation period runs from November 29 to December 6, 2024.

The main change proposed is to optimize the eligibility criteria for participating in the auction. Currently, non-commercial vehicle quotas apply to fuel-powered vehicles, extended-range electric vehicles, and hybrid vehicles. Over recent years, there have been frequent complaints from citizens that the existing eligibility criteria are too strict, limiting their ability to participate. In response, the revised rules propose reducing the requirement for non-local residents from three years of continuous social insurance or income tax payments to just one year.

This adjustment aims to make the eligibility conditions more flexible, allowing a broader range of qualified individuals to participate in the auction and better meet the needs of the community.