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wuhan, august 27 (china news service) (reporter ma furong) the reporter learned from the press conference "interpreting hubei province's measures to increase support for consumer goods trade-in" held by the information office of the hubei provincial government on the 27th that after the implementation of the automobile scrapping and renewal subsidy policy, the number of scrapped cars in the province has increased rapidly.

according to statistics, from january to july, hubei recycled 113,000 scrapped cars, a year-on-year increase of 54.8%. among them, the scrapped car recycling volume in june increased by 83.6% year-on-year, and in july it increased by 89.7% year-on-year.

the information office of the hubei provincial government held a press conference on "interpreting hubei province's measures to strengthen support for the old-for-new exchange of consumer goods." photo by ma furong

"promoting large-scale equipment upgrades and trade-ins of old consumer goods will not only help boost consumption and stimulate investment, but also promote industrial transformation and upgrading." liu hong, deputy director of the hubei provincial development and reform commission, introduced that the province has stepped up support for trade-ins of old consumer goods by increasing funding scale, expanding the range of consumer goods, and optimizing work processes.

automobile is an important pillar industry in hubei and is also a key area of ​​support in the intensified measures. in terms of automobile scrapping and renewal, the province will increase the subsidy standard from the previous 10,000 yuan for the purchase of new energy passenger cars and 7,000 yuan for the purchase of fuel passenger cars to 20,000 yuan and 15,000 yuan respectively. in terms of passenger car replacement and renewal, the subsidy standard for fuel passenger cars will be increased from 2,000 yuan to 6,000 yuan to 7,000 yuan to 13,000 yuan, and the subsidy standard for new energy passenger cars will be increased from 3,000 yuan to 7,000 yuan to 8,000 to 16,000 yuan.

the effect of the boost is gradually showing. as of august 25, hubei has received 15,700 applications for vehicle scrapping and renewal subsidies, and 38,900 applications for vehicle replacement and renewal.

liu hong said that hubei's measures to support the replacement of old consumer goods will be implemented until december 31 this year. it is expected that by the end of this year, the province will have 45,000 scrapped and 125,000 vehicles replaced, and 1.7 million home appliances replaced, which will effectively drive automobile and home appliance manufacturers to expand investment. (end)

source: china news network