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guangdong: intensify support for automobile scrapping and renewal, aiming to scrap and replace 135,000 vehicles in the province (excluding shenzhen)

2024-08-29

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on august 29, the general office of the people's government of guangdong province issued the "implementation plan on making good use of ultra-long-term special treasury bond funds to support the replacement of old consumer goods for new consumer goods". the plan proposes that on the basis of implementing the "implementation rules for the subsidy for the replacement of old automobiles for new automobiles" (shang xiaofei letter [2024] no. 75), for individual consumers who scrap fuel passenger cars with emission standards of national iii or below or new energy passenger cars registered before april 30, 2018 (inclusive), and purchase new energy passenger cars included in the "catalogue of new energy vehicle models for vehicle purchase tax reduction and exemption" or fuel passenger cars with a displacement of 2.0 liters or less, the subsidy standard will be increased to 20,000 yuan per vehicle for the purchase of new energy passenger cars and 15,000 yuan per vehicle for the purchase of fuel passenger cars with a displacement of 2.0 liters or less. the corresponding scrapped motor vehicles must be registered in the name of the individual before july 25, 2024 (inclusive). consumers who apply for subsidies from the date of issuance of the "implementation rules for the subsidy for the replacement of old automobiles for new automobiles" will be subsidized in accordance with the above standards. the work goal is to scrap and replace 135,000 vehicles in the province (excluding shenzhen).

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