2026: Multiple Regions Roll Out Auto Trade-In Subsidies Up to ¥20,000

The 2026 vehicle trade-in subsidy policy has already been implemented in many regions across China, offering subsidies to individual consumers who scrap or trade in their old vehicles to purchase new ones. According to national unified standards, consumers scrapping an old vehicle and buying a new energy vehicle (NEV) are eligible for a subsidy of 12% (capped at RMB 20,000), while those purchasing a conventional fuel-powered vehicle receive a 10% subsidy (capped at RMB 15,000). For vehicle trade-ins (without scrapping), the subsidies are 8% (capped at RMB 15,000) for NEVs and 6% (capped at RMB 13,000) for fuel-powered vehicles. Detailed implementation rules have already been issued in Beijing, Shanghai, Chongqing, Xi’an, Qingdao, Hubei, Sichuan, Zhejiang, Shenzhen, Jiangxi, Guizhou, Tibet, Xinjiang, Inner Mongolia, and other regions. Application deadlines vary by locality, generally falling between the end of 2026 and January 10, 2027. Each individual is limited to receiving the subsidy only once. Local authorities have also set specific requirements regarding the registration date of the old vehicle, the invoice and registration location of the new vehicle, and other related conditions.