China's 2026 Auto Trade-in Subsidy Rules in Effect: Up to RMB 20,000 for Scrapping-and-Switching to NEVs, Total Savings up to ~RMB 35,000
The "2026 Auto Trade-in Subsidy Implementation Rules" issued by eight departments including the Ministry of Commerce are now fully in force: scrapping an eligible old car and buying an NEV earns a 12% price-based subsidy capped at RMB 20,000, while replacement (non-scrappage) subsidies cap at RMB 15,000. Combined with local subsidies and the purchase-tax reduction, buyers can save up to roughly RMB 35,000. Official data shows 3.707 million trade-in transactions in H1 2026.
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