What changes will occur with the implementation of the vehicle scrapping purchase subsidy in 2026?
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In 2026, a new standard for the vehicle scrapping and purchase subsidy policy will be implemented. The subsidy for scrapping and updating new energy vehicles is 12% of the new car price, with a maximum of 20,000 yuan; the subsidy for replacement and updating is 8%, with a maximum of 15,000 yuan. The subsidy for scrapping and updating fuel vehicles is 10%, with a maximum of 15,000 yuan; the subsidy for replacement and updating is 6%, with a maximum of 13,000 yuan, and is limited to passenger cars with a displacement of 2.0L or below. The subsidy standards will be unified nationwide, with no significant differences due to regional variations
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