Chinse capital Beijing has said that it has not researched any plan yet to offer new licenses to the new energy vehicles and other policies to boost auto sales in the country that was impacted by the coronavirus epidemic, says a media report. The announcement comes reversing earlier state media reports.
In the mid-March, some Chinese officials raised the ideas of some unresearched policies in internal discussions which were then accidentally published online, said Beijing Municipal Commerce Bureau in a post.
Earlier on Tuesday, China’s state-backed media reported that Beijing city was considering plans to stimulate demand for automobiles after the Covid-19 epidemic hit sales badly in the country.
The report also said that possible measures being considered by Beijing to include introducing incentives to exchange old cars for new, approving no fewer than 100,000 licenses to new energy vehicle buyers in the first half of 2020 and launching special plate licenses for suburban areas.
As the state media reported, the statement was published on the commerce ministry’s website by the ministry’s Special Commissioner’s Office in Tianjin. However, it was not available later on the website, claims a Reuters report.
The Covid-19 epidemic that started from China Wuhan has created havoc across the world, leading to supply chain disruptions at the initial phase, and later widespread plant shutdowns, lockdowns of countries besides numerous deaths.
Indian Prime Minister Narendra Modi announced a 21-day lockdown till 14th April on Tuesday as a measure to break the infection chain by the virus. In India, several automakers and auto parts makers have already announced plant shutdown, mimicking the same move by peers in other countries.