Recently, the Ministry of Commerce, the Ministry of Finance and other 7 departments jointly issued the "Implementation Rules for Automobile Trade-in Subsidy" (hereinafter referred to as the "Detailed Rules"), clarifying the subsidy policy for automobile trade-in funds.
Scope and criteria of the subsidy
From the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel passenger vehicles with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018, and purchase new passenger cars that meet the energy-saving requirements can enjoy a one-time fixed subsidy.
- For scrapping the above two types of old passenger cars and purchasing eligible new energy passenger vehicles, a subsidy of 10,000 yuan will be provided.
- For scrapping fuel passenger cars with emission standards of China III and below and purchasing fuel passenger cars with a displacement of 2.0 liters and below, a subsidy of 7,000 yuan will be provided.
The term "passenger car" as used in these Detailed Rules refers to small and micro passenger vehicles registered with the public security traffic management department. Fuel passenger vehicles with emission standards of China III and below refer to gasoline passenger vehicles registered before June 30, 2011, diesel passenger vehicles and other fuel types registered before June 30, 2013.
Subsidy application process
Individual consumers who intend to apply for the car trade-in subsidy should fill in the application materials by logging on to the website of the National Automobile Circulation Information Management System or the "Car Trade-in" mini program before January 10, 2025. Materials include–
- personally identifiable information;
- Original photos or scans of the vehicle identification number, "Scrapped Motor Vehicle Recycling Certificate" and "Motor Vehicle Cancellation Certificate" of the scrapped vehicle;
- The vehicle identification number, the original photo or scanned copy of the "Uniform Invoice for Motor Vehicle Sales" and "Motor Vehicle Registration Certificate" of the new car, etc.
The relevant materials should be obtained between the date of issuance of the Rules and December 31, 2024. Among them, the "Scrapped Motor Vehicle Recycling Certificate" shall be issued by a qualified scrapped motor vehicle recycling and dismantling enterprise.
Supervise and manage requirements
- All local relevant departments should do a good job in subsidizing the old car trade-in funds according to their responsibilities and strengthen supervision and management.
- All localities shall not require the sale of scrapped vehicles to designated enterprises, and shall not set up a subsidy catalogue or enterprise list with regional and technical product orientation.
- All localities should set up a telephone consultation hotline for car trade-in, respond to public demands in a timely manner, and accept social supervision. Where it is discovered that there are illegal acts such as using improper means (including forging or altering relevant materials, false transactions, colluding with others to provide false information, etc.) to defraud subsidy funds, the relevant departments of each region shall strictly deal with it in accordance with laws and regulations.
Source: CCTV News WeChat public account
Editor: Qiao Hong Proofreader: Yang Yakang