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Henan Province: Automobile Trade-in Max. Subsidy RMB10K
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Henan Province, China officially launched Automobile Trade-in Program and "BYD Day" in Zhengzhou. Fei Quanfa, second-level inspector of the Henan Provincial Department of Commerce, said at the launching ceremony that automobiles, as commodity durable consumer goods, are the focus of the "trade-in" program. The province encourages the replacement of used cars with high energy consumption, high emissions, long service life and potential safety hazards into new energy vehicles (NEVs) or energy-saving vehicles. Three actions will be carried out: vehicle end-of-life renewal, vehicle replacement and renewal, and automobile circulation consumption innovation. Fei also pointed out that individual consumers who scrap internal combustion engines (ICEs) with National III or lower emission standards or NEVs aged over six years are entitled to a subsidy of RMB7,000 for purchasing ICEs with an emission of less than 2.0 L, and up to RMB10,000 for purchasing NEVs. AAStocks Financial News |
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