Sichuan: Supports Vehicle Replacement and Renewal with Maximum Subsidy of 15,000 Yuan

Published: Feb 12, 2026 15:22

Save

The notice on "Sichuan Province's 2026 Measures for Implementing Large-Scale Equipment Renewal and Consumer Goods Trade-In Policies" mentioned that in 2026, a one-time subsidy will be provided to individual consumers who sell passenger vehicles registered under their names and purchase passenger NEVs included in the Ministry of Industry and Information Technology's "Catalog of NEV Models Eligible for Vehicle Purchase Tax Reduction and Exemption," or passenger vehicles with a fuel engine displacement of 2.0 liters or less. For trade-ins of eligible passenger NEVs, a subsidy of 8% of the new vehicle's selling price will be granted, with a maximum subsidy amount of 15,000 yuan; for trade-ins of eligible fuel-powered passenger vehicles, with a maximum subsidy amount of 13,000 yuan.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Weekly Review of the Lithium Carbonate Market: Spot Lithium Carbonate Prices Continue to Rise [SMM Weekly Review]

Common.Time.minsAgo

DI Dongil to Invest KRW 110 Billion in LFP Battery Aluminum Foil Facilities at Cheongju Plant

DI Dongil disclosed on the 11th that it plans to invest KRW 110 billion to build production facilities for carbon-coated aluminum foil used in LFP (lithium iron phosphate) batteries at its Cheongju aluminum plant, which is scheduled for completion this year. The investment will be carried out in phases from February this year through 2030, covering land acquisition, construction, and equipment installation. The investment amount for this year is set at KRW 20 billion.

Common.Time.minsAgo

LG Energy Solution, L&F Join Forces… ‘Korean Alliance’ Enters LFP Market

On the 11th, executives of LG Energy Solution and L&F agreed to establish a cooperation framework related to LFP cathode materials for energy storage systems (ESS), marking a joint move into the LFP market.

Common.Time.minsAgo