Zhejiang Launches Vehicle Replacement & Upgrade Plan with Subsidies up to 15,000 Yuan

[Zhejiang: Support for Vehicle Replacement and Upgrading, Maximum Subsidy of 15,000 Yuan per Unit for NEVs and 13,000 Yuan per Unit for Internal Combustion Engine Vehicles]

The General Office of the Zhejiang Provincial People's Government issued a special action implementation plan to vigorously boost and expand consumption, proposing support for vehicle replacement and upgrading, with a maximum subsidy of 15,000 yuan per unit for NEVs and 13,000 yuan per unit for internal combustion engine vehicles. The plan aims to increase the maximum proportion of auto loans and optimize the process of automotive financial services. By 2025, more than 20,000 new public charging piles for NEVs will be built, including over 10,000 in rural areas; additionally, 1,000 kilometers of rural roads will be newly reconstructed or upgraded.