Ministry of Commerce Receives Over 800,000 Applications for Car Scrap & Replacement Subsidies Amid Soaring End-of-Life Vehicle Recycling Rates

Publicado: Sep 2, 2024 18:47
[Ministry of Commerce: More than 800,000 Applications for Car Scrap and Replacement Subsidies Have Been Received] According to the latest data from the national car trade-in platform, as of 10:00 am on August 31, the Ministry of Commerce had received over 800,000 applications for car scrap and replacement subsidies. From January to July, 3.51 million end-of-life vehicles were recycled nationwide, up 37.4% year on year. Notably, the growth rate accelerated after the implementation of the policy, with increases of 55.6%, 72.9%, and 93.7% in May, June, and July, respectively.

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[Ministry of Commerce: More than 800,000 Applications for Car Scrap an - Shanghai Metals Market (SMM)