China offers a $1,380 subsidy for trading old vehicles for new, emissions-compliant models to boost consumption and stimulate economic growth.
China offers up to 10,000 yuan ($1,380) subsidy to individuals trading old vehicles (electric, hybrid, or gasoline) for newer models meeting emissions standards, aiming to boost consumption and stimulate economic growth amid a property crisis and weak consumer sentiment. The program runs until end-2024, with central and local governments sharing the auto trade-in subsidies.
April 26, 2024
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