The Shanghai Municipal Development and Reform Commission, along with several other departments, has recently released the "Notice on Implementing the Decision to Promote the Trade-in of Consumer Goods and Further Support the Trade-in of New Energy Vehicles in the City." From the date of publication of the notice to 31 December 2024, individual users who meet the requirements of Article 4 of the "Implementation Measures of Shanghai Municipality for Encouraging the Purchase and Use of New Energy Vehicles" can apply for a special license plate quota for new energy vehicles (NEVs) under the following circumstances.First, individual users who simultaneously own a non-commercial passenger vehicle (PV) registered in this city and a new energy small PV registered with a special license plate quota for NEVs in this city, can transfer or scrap their new energy small PV and purchase a new pure electric vehicle through a trade-in method.Related NewsCMSI Raises XPENG-W (09868.HK) TP to $50 as Strong New Car Sales Boost Product Cycle CertaintySecond, individual users who own two or more new energy small PVs registered in this city can transfer or scrap their new energy small PVs and purchase a new pure electric car through a trade-in program.