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China Offers Subsidies for New EV and Low-Emission Gasoline Vehicle
Published on: 2024-04-28
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After a sluggish early start to the year for new vehicle sales, China's regulatory authorities have launched subsidies worth thousands of yuan to prospective buyers to stimulate demand for electric and low-emission gasoline vehicles by encouraging consumers to trade in old cars for new ones.

Seven central government ministries, including the Ministry of Commerce and Ministry of Finance, on Friday issued a set of initiatives that will see consumers who scrap certain gasoline or new energy passenger cars and then purchase new electric cars receive subsidies of 10,000 yuan ($1,409).

汽车以旧换新补贴实施细则发布 新能源乘用车以旧换新最高补贴1万元



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