NewsFlash / Steel / Car replacement subsidies may be restarted in H2
Car replacement subsidies may be restarted in H2
iconJun 24, 2025 09:50
Source:SMM
[Boosting Effect Exceeds Expectations, Vehicle Trade-in Subsidies Expected to Be Strengthened Again in H2] Recently, some regions have announced that due to the better-than-expected effect of the vehicle trade-in subsidy policy, the subsidy funds have been used up ahead of schedule, and the acceptance of vehicle trade-in subsidy applications will be suspended. According to incomplete statistics by reporters, so far, more than ten regions have suspended applications for vehicle trade-in subsidies. A person in charge of a relevant local department told reporters that the current vehicle scrappage and renewal policies are still being continued to implement, but the central and local matching subsidy funds for vehicle trade-in and renewal have been temporarily used up, and it is necessary to wait for the central government to allocate funds in H2 before considering restarting the program.

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