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the shanxi provincial department of commerce, the provincial development and reform commission and seven other departments recently jointly issued a notice, which will increase financial support, raise the subsidy standards for vehicle scrapping and replacement, and strive to stabilize and expand automobile consumption in the province.

the notice pointed out that in terms of scrapping and updating, individual consumers can receive a subsidy of 20,000 yuan if they scrap their old cars and purchase new energy passenger cars, and a subsidy of 15,000 yuan if they purchase fuel passenger cars with a displacement of 2.0 liters or less; the scrapped vehicles must be fuel passenger cars with national iii emission standards or below, or new energy passenger cars registered before april 30, 2018.

in terms of replacement and renewal, individual consumers can transfer passenger cars that they have held for more than one year in their name through registered second-hand car dealers or second-hand car trading markets in the province, and can receive a subsidy of 12,000 yuan when purchasing a registered new energy passenger car in the province, and a subsidy of 10,000 yuan when purchasing a registered fuel passenger car with a displacement of 2.0 liters or less.

at the dayun new energy vehicle production base in yuncheng economic and technological development zone, new energy vehicles are ready to roll off the production line. photo by xinhua news agency reporter yang chenguang

a relevant person in charge from the consumption promotion division of the shanxi provincial department of commerce said that the newly introduced plan has increased support for automobile consumption, with scrapping subsidies increased from 10,000 yuan to 20,000 yuan and 7,000 yuan to 15,000 yuan; replacement subsidies increased from 2,000 yuan to 12,000 yuan and 10,000 yuan respectively.

a byd 4s store in yuncheng, shanxi, has attracted citizens to come for consultation with its "trade-in" subsidy slogan. according to sales staff, if a customer's old car meets the scrapping or replacement conditions, in addition to enjoying government subsidies, the manufacturer will also provide an additional 2,000 to 6,000 yuan replacement subsidy, with the combined discount up to 26,000 yuan.

in addition, in terms of funding guarantee, the national development and reform commission has arranged ultra-long-term special treasury bond funds to support local governments in improving their ability to replace old consumer goods with new ones. subsidy funds are shared by the central and provincial governments in accordance with the principle of 9:1. the provincial finance department will allocate funds in proportion to the municipal finance bureaus in accordance with the funding allocation suggestions of the provincial commerce department. (reporter wang hao)

(source: xinhua news agency)

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