Fujian Launches 2026 Auto Trade-In Subsidy Policy, Offering Up to ¥15,000

Recently, the Fujian Provincial Department of Commerce and eight other departments jointly issued the "Detailed Implementation Rules for Fujian Province's 2026 Auto Trade-in Program," specifying subsidies for eligible vehicle trade-ins. Under the policy, consumers who trade in their old vehicles for new energy passenger cars will receive a subsidy equivalent to 8% of the new vehicle’s purchase price, capped at RMB 15,000. Those trading in for fuel-powered passenger cars will receive a subsidy of 6% of the new vehicle’s price, with a maximum of RMB 13,000. The policy aims to encourage the replacement of aging vehicles and promote green, low-carbon transportation. Detailed implementation guidelines have been released alongside the rules.