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CN to Grant Subsidies RMB15K Max. for Eligible NEV-PV Trade-ins at 8% of New Car Sale Price in 2026
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The General Office of China's Ministry of Commerce and seven other departments have issued the details of automotive trade-in subsidy implementation for 2026, which mentioned that China will offer a one-time subsidy to individual consumers who transfer ownership of passenger vehicles (PVs) registered under their name through sale and buy new energy passenger vehicles (NEV-PVs) listed in the Ministry of Industry and Information Technology's catalog of NEVs exempt from vehicle purchase tax or fuel-powered PVs with an engine displacement of 2.0 liters or less. For trade-ins of eligible NEV-PVs, a subsidy of 8% of the new car sale price will be provided, with a maximum subsidy amount of RMB15,000. For trade-ins of eligible fuel-powered PVs, a subsidy of 6% of the new car sale price will be provided, with a maximum subsidy amount of RMB13,000. AAStocks Financial News |
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