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Shenzhen: NEV Replacement Subsidy Max. RMB15,000
The Shenzhen Municipal Bureau of Commerce released guidelines for the implementation of subsidies for vehicle replacement and renewal. The new policy adopts a subsidy mechanism bas...
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Shenzhen: NEV Replacement Subsidy Max. RMB15,000
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The Shenzhen Municipal Bureau of Commerce released guidelines for the implementation of subsidies for vehicle replacement and renewal. The new policy adopts a subsidy mechanism based on the proportion of the car price, differing from the traditional fixed-amount subsidy method.

Individual consumers trading in old vehicles for new energy passenger cars will receive an 8% subsidy based on the car price, with a maximum subsidy of RMB15,000, according to the guidelines. Those trading in for fuel-powered vehicles will receive a 6% subsidy, with a maximum amount of RMB13,000.

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