BMW i3 Owners Get Shanghai Plate Worth $12,000 for FreeBloomberg News
Owners of Bayerische Motoren Werke AG’s i3 electric car in Shanghai can register their vehicles for free after the city exempted them from paying license plate charges of about $12,000.
The city gave out the first free license plate for an i3 on Jan. 6, the Munich-based carmaker said by e-mail. Owners of Tesla Motors Inc.’s electric cars also enjoy a waiver from license plate fees in Shanghai, which is among Chinese cities that are restricting new vehicles and providing incentives for alternative-energy autos to curb worsening pollution.
China, the world’s biggest carbon emitter, is promoting the use of electric vehicles as the central government attempts to reduce emissions and cut the country’s reliance on fuel imports. BMW started delivering i3 cars in China last September.
The company has more than 40 charging points for electric cars in Shanghai, at sites including the Peninsula Hotel and the former World Expo site, it said.
— With assistance by Alexandra Ho