Detailed Rules Issued for Subsidy on Trade-in of Old for New Automobiles: Eligible Consumers to Receive Up to 10,000 Yuan

Telah Terbit: Apr 26, 2024 18:14
The Ministry of Commerce, Ministry of Finance, and other six departments jointly issued the Detailed Rules for the Implementation of the Subsidy for Trade-in of Old for New Automobiles, which clarified the scope and standards of subsidies. From the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel-powered passenger vehicles that meet the national III emission standard or below, or new energy passenger vehicles registered before April 30, 2018, and purchase new passenger vehicles that meet energy-saving requirements can enjoy a one-time fixed subsidy. Among them, those who scrap the above two types of old passenger vehicles and purchase eligible new energy passenger vehicles will receive a subsidy of 10,000 yuan; those who scrap fuel-powered passenger vehicles that meet the national III emission standard or below and purchase fuel-powered passenger vehicles with a displacement of 2.0 liters or less will receive a subsidy of 7,000 yuan.

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