On October 24, the Shanghai Police issued a notice regarding expanded restrictions on vehicles bearing non-Shanghai plates, aimed at easing traffic congestion in Shanghai. According to the Notice, Vehicles bearing non-Shanghai plates will not be allowed to use many of the elevated roads in urban parts of Shanghai between 7:00 am and 8:00 pm on workdays, starting from November 2, 2020.
The Notice also applies to Vehicles with temporary plates, taxis without passengers, as well as cars driven by drivers under apprenticeship. If the provisions of the Notice are breached, penalties will be imposed in accordance with relevant laws and regulations.
In this regard, the residents of Shanghai seek to acquire and register new transport vehicles. The best choice at the moment are electric cars, especially Tesla. In this regard, the company's stores in Shanghai have experienced an influx of customers seeking to buy a car at the best price as soon as possible. Photos from @ray4tesla/Twitter show that Tesla stores are flooded with customers during the day and night.
One study estimates this new policy may potentially create an addressable market for 130k MIC Model 3s in the near term in Shanghai. Currently there’re 1.7 million non-Shanghai registered vehicles operating in the city.— Ray4️⃣Tesla⚡️🚘☀️🔋 (@ray4tesla) October 28, 2020
@ray4tesla also points out that there are currently around 1.7 million non-Shanghai registered vehicles in Shanghai, which could drive huge demand for the made-in-Giga Shanghai Model 3.
According to the data, Shanghai is already the largest market for Tesla in China, and its potential has yet to be fully tapped. Between January and September, 16,087 Model 3s were sold there, making it the best-selling vehicle among all EVs and gas-powered cars. This number of models sold in just one city of the world speaks volumes.
© 2020, Eva Fox. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.