jiangsu has come up with a new trick for the “old for new” policy: individual consumers who replace their passenger cars with new ones will receive a subsidy of 15,000 yuan for cars priced at 250,000 yuan or more.

on september 4, the website of the jiangsu development and reform commission published the "notice of the provincial development and reform commission and the provincial finance department on issuing the implementation plan for jiangsu province to promote the use of ultra-long-term special government bond funds to support the replacement of old consumer goods for new ones", which clarified a number of support areas and methods.

specifically, the support areas include the scrapping and updating of old operating trucks, the scrapping and updating of agricultural machinery, the updating of new energy buses and power batteries, the scrapping and updating of cars, the replacement and updating of individual consumer passenger cars, and the trade-in of old household appliances.

among them, in terms of the replacement and renewal of passenger cars by individual consumers, the notice clearly states that individual consumers who transfer their old cars and then purchase new cars will be given tiered subsidies. if the new car purchased is a fuel car, the subsidy for prices between 50,000 yuan (inclusive) and 150,000 yuan is 6,000 yuan, the subsidy for prices between 150,000 yuan (inclusive) and 250,000 yuan is 10,000 yuan, and the subsidy for prices above 250,000 yuan is 15,000 yuan; if the new car purchased is a new energy vehicle, an additional 3,000 yuan will be added to the subsidy standard for fuel vehicles.

the notice stated that the specific implementation details will be separately formulated by the provincial department of commerce, the provincial development and reform commission, and the provincial department of finance. between july 25, 2024 and december 31, 2024, consumers who transfer old cars and buy new cars can apply for subsidies according to this standard. the relevant transferred old cars must be registered in their own name before july 25, 2024 (inclusive).

promoting the replacement of old consumer goods with new ones has always been regarded as an important measure to accelerate the construction of a new development pattern and promote high-quality development. after the state council issued the "action plan for promoting large-scale equipment renewal and replacement of old consumer goods with new ones", beijing, hubei, qinghai, shandong, yunnan, hubei, guangdong, hunan and other places have successively implemented the new policy to promote the replacement of old consumer goods with new ones and further activate the consumer market.

taking beijing as an example, on august 28, the "beijing implementation plan for strengthening support for equipment renewal and consumer goods trade-in" was officially released. in terms of consumer goods trade-in, this round of policies only supported the scrapping and renewal of individual consumer passenger cars and the trade-in of household appliances in the previous stage, and newly supported the replacement and renewal of individual passenger cars. for scrapping old cars that meet the standards and purchasing new energy passenger cars, the subsidy will be increased from 10,000 yuan to 20,000 yuan; for scrapping old cars that meet the standards and purchasing fuel passenger cars with a displacement of 2.0 liters or less, the subsidy will be increased from 7,000 yuan to 15,000 yuan.

hubei, qinghai, shandong, yunnan, hubei, guangdong, hunan and many other places have also recently issued measures to further support equipment upgrades and old consumer goods trade-ins.

the industry said that with the rapid development of my country's economy and society, whether it is home appliances such as televisions, refrigerators, washing machines, or transportation tools such as cars and electric vehicles, they have gradually entered the "era of both incremental and stock", and the consumption needs of urban and rural residents are shifting towards more convenient, more advanced, and more intelligent directions. accelerating the replacement of old consumer goods with new ones will help stimulate investment and expand domestic demand, and will also help improve the quality of the national economic cycle and the living standards of residents; at the same time, related measures for the replacement of old with new ones will drive the home appliance, automobile and other industries to deepen the trend of green intelligence, and promote the high-end, intelligent and green development of the industry.

editor: li dan

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