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on september 3, the "shanghai implementation plan on further intensifying efforts to promote the replacement of old consumer goods for new consumer goods" was released. the key points are as follows:

1. individual consumers who purchase home appliances, home furnishings and household products such as sofas, mattresses and cabinets that meet the requirements will be subsidized at 15% of the sales price.

it is proposed to support the replacement of home appliances, home decoration, home furnishings and products suitable for the elderly. for individual consumers who purchase home appliances, home decoration, home furnishings and products suitable for the elderly such as sofas, mattresses, cabinets, bathtubs, toilets, sweeping robots, vacuum cleaners, air purifiers and other home appliances, home decoration, home furnishings and products suitable for the elderly that meet the requirements, the specific product catalog will be determined by the municipal commerce commission in conjunction with relevant departments. relevant products will be subsidized at 15% of the sales price, and consumers can use unionpay quickpass, alipay and wechat pay for one subsidy each.each subsidy shall not exceed rmb 2,000.

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2. for the renewal of new energy city buses, an average subsidy of 80,000 yuan per vehicle will be provided

it is proposed to increase the subsidy standard for the renewal of new energy buses and power batteries. implement the requirements of the "implementation rules for the renewal of new energy city buses and power batteries" of the ministry of transport, and provide a fixed subsidy for the renewal of new energy city buses and the replacement of power batteries. it is encouraged to reasonably select the type of new energy city bus length to be replaced in combination with passenger flow changes and the development of the urban public transportation industry. for the renewal of new energy city buses, an average subsidy of 80,000 yuan per vehicle is provided; for the replacement of power batteries, a subsidy of 42,000 yuan per vehicle is provided.

3. promote the replacement of old electric bicycles with new ones and provide a one-time 500 yuan subsidy to qualified individual consumers

it is proposed to promote the replacement of old electric bicycles with new ones. for individual consumers who trade in and scrap their electric bicycles (including batteries) registered in the city and purchase new electric bicycles that have obtained the national compulsory product certification certificate, the city will provide a one-time 500 yuan subsidy for the purchase of the vehicle. consumers who enjoy subsidies are encouraged to purchase new electric bicycles produced by companies that meet the "electric bicycle industry standard conditions". for replacement electric bicycles with lithium-ion batteries, the batteries should also meet the standard requirements of the "safety technical specifications for lithium-ion batteries for electric bicycles" (gb 43854).

iv. implement the national policy of exchanging old household appliances for new ones

it proposed to implement the national policy of replacing old home appliances with new ones.individual consumers who purchase eight types of level 1 energy-efficiency products, including refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves, and range hoods, will be subsidized at 20% of the sales price, and level 2 energy-efficiency products will be subsidized at 15% of the sales price.each consumer can subsidize one product of each category.the subsidy for each item shall not exceed rmb 2,000.receive category consumption coupons through mobile payment channels and verify and redeem the coupons at the policy implementation store.

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5. the subsidy for purchasing eligible new energy passenger vehicles is increased to 20,000 yuan. the subsidy for purchasing fuel passenger vehicles with a displacement of 2.0 liters or less is 15,000 yuan.

it is proposed to implement the national automobile scrapping and renewal subsidy standards. based on the "implementation rules for automobile trade-in subsidies" (shang xiaowu letter [2024] no. 75), individual consumers who scrap fuel passenger cars with national emission standards of 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 for the purchase of new energy passenger cars and 15,000 yuan for the purchase of fuel passenger cars with a displacement of 2.0 liters or less.

6. make good use of the ultra-long-term special government bonds issued by the state to the city to focus on supporting the scrapping and renewal of automobiles and the replacement and renewal of individual consumer passenger cars by the end of 2024.

it proposed to make good use of the ultra-long-term special government bonds issued by the state to the city. by the end of 2024, key support will be given to the scrapping and renewal of automobiles and the replacement and renewal of personal passenger cars, the trade-in of old household appliances and electric bicycles, the purchase of items and materials for renovation of old houses, partial renovation of kitchens and bathrooms, and home-friendly renovation for the elderly, the promotion of smart home consumption, etc., and coordinated support for the scrapping and renewal of old operating trucks, the scrapping and renewal of agricultural machinery, and the renewal and upgrading of new energy buses and power batteries, which will effectively drive investment and consumption in the city.

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