NewsFlash / Cobalt & Lithium / Henan Province Unveils Plan to Boost Consumption with Vehicle Scrappage Subsidies and EV Charging Expansion
Henan Province Unveils Plan to Boost Consumption with Vehicle Scrappage Subsidies and EV Charging Expansion
iconMay 28, 2025 16:23
Source:SMM
[Implementation Plan for Special Action to Boost Consumption in Henan Province Released] The General Office of the People's Government of Henan Province issued the Implementation Plan for Special Action to Boost Consumption in Henan Province. It pointed out that efforts should be intensified to promote trade-in policy. Support will be provided for vehicle scrappage and replacement. In 2025, a maximum subsidy of 20,000 yuan will be offered for scrapping eligible old passenger vehicles and purchasing passenger NEVs, and a maximum subsidy of 15,000 yuan for purchasing gasoline-powered passenger vehicles. A maximum subsidy of 15,000 yuan will be offered for transferring old vehicles and purchasing passenger NEVs, and a maximum subsidy of 13,000 yuan for purchasing gasoline-powered passenger vehicles. Auto consumption will be boosted. Active applications will be made for national pilot cities for auto circulation and consumption reform. The charging and battery swapping service system for NEVs will be improved, with over 20,000 new public charging piles to be built by 2025, and the number of charging spaces in expressway service areas will be increased by over 15%.

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