[Shanghai Offers Vehicle Replacement Subsidies, Up to 15,000 Yuan for NEVs]

Published: Jan 31, 2026 15:55

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On January 30, Shanghai's Development and Reform Commission and Finance Bureau announced a policy to support vehicle replacement. Individuals who transfer a passenger car registered in their name and purchase a new energy passenger vehicle (listed in the NEV purchase tax exemption catalog) or a fuel-powered passenger vehicle with an engine displacement of 2.0 liters or less are eligible for subsidies. The subsidy for purchasing a new energy passenger vehicle is 8% of the vehicle price, capped at 15,000 yuan. For purchasing a fuel-powered vehicle (2.0L or below), the subsidy is 6% of the vehicle price, capped at 13,000 yuan.

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