Скачать или смотреть China Extends Auto Trade-In Subsidies to Boost Consumption by 2026

...Source: https://cnev.co/sANdQOB Transcript: According to China EV Post, China will continue its vehicle trade-in subsidies into 2026, but with some important changes for consumers. Instead of fixed cash amounts, the subsidies will now be based on a percentage of the vehicle’s price. If you're buying a new Battery EV and scrapping your old car, you can get back up to 12% of the new car’s cost, capped at around $2,860. For new gasoline cars with engines 2.0 liters or smaller, the subsidy is 10%, with a $2,150 cap.

If you're simply trading in a vehicle without scrapping it, you could still get up to 8% off a new Battery EV, or 6% for a gas-powered car, with subsidy caps set at $2,150 and $1,800 respectively.

The Chinese government has earmarked $8.9 billion in ultra-long-term bonds to fund these incentives as part of a broader effort to boost consumer spending on cars, home appliances, and digital products. These incentives had been paused in some cities this fall due to budget limits, which put a dent in auto sales. Nio and others said the halt impacted demand, especially in mass-market segments. With the new subsidy structure in place, China aims to jump-start its auto market heading into 2026.