Beijing Unveils 2026 Auto Trade-In Subsidy: Up to ¥20,000 for Scrapping Old Cars and Buying New Energy Vehicles

Beijing recently released its 2026 Implementation Plan for the Automobile Trade-in Subsidy Program. Individual consumers who scrap an eligible old vehicle and purchase a new energy passenger car will receive a subsidy equivalent to 12% of the new vehicle’s price, capped at RMB 20,000. Those who scrap a gasoline-powered vehicle and buy a new gasoline vehicle with an engine displacement of 2.0 liters or less will receive a 10% subsidy, capped at RMB 15,000. Additionally, consumers who transfer ownership of their old vehicle to purchase a new energy vehicle will be eligible for an 8% subsidy, also capped at RMB 15,000. The policy operates under a “total quota, first-come-first-served” basis, and each consumer may claim the subsidy only once. Applications will be accepted from February 9 to November 30, 2026, and must be submitted through designated platforms. Approved subsidies will be directly transferred to the applicant’s personal bank account. The old vehicle must have been registered under the applicant’s name before January 8, 2025, and all relevant documentation for the new vehicle must be obtained within 2026.