New car sales are significantly positive, and the implementation rules for car trade-in subsidies are coming

Xiaoxiang Morning News

2024-04-26 19:14Posted on the official account of Hunan Xiaoxiang Morning News

On April 26, 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 "Implementation Rules") to implement the spirit of the "Notice of the State Council on Printing and Distributing the Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in" (Guo Fa [2024] No. 7), and in accordance with the requirements of the "Notice of the Ministry of Commerce and Other 14 Departments on Printing and Distributing the Action Plan for Promoting the Trade-in of Consumer Goods" (Shang Hui Fa [2024] No. 58), to better implement the automobile trade-in subsidy policy. The details are as follows:

Detailed rules for the implementation of the car trade-in subsidy:

Chapter 1 Scope and Standards of Subsidies

Article 1 During the period from the date of issuance of these Detailed Rules to December 31, 2024, a one-time fixed subsidy will be given to 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 (including that day, the same below), and purchase new energy passenger vehicles or fuel passenger vehicles with an displacement of 2.0 liters or below that are included in the Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax of the Ministry of Industry and Information Technology. Among them, a subsidy of 10,000 yuan will be given to those who scrap the above two types of old vehicles and purchase new energy passenger vehicles, and a subsidy of 7,000 yuan will be given to those who scrap fuel passenger cars with emission standards of China III and below and purchase fuel passenger cars with a displacement of 2.0 liters and below.

Article 2 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.

Chapter II Subsidy declaration, review and distribution

Article 3 Individual consumers who intend to apply for the subsidy funds for the trade-in of old cars shall, before January 10, 2025, fill in their personal identity information, the vehicle identification number of the scrapped car, the original photo or scan of the "Scrapped Motor Vehicle Recycling Certificate" and the "Motor Vehicle Cancellation Certificate", the vehicle identification number of the new car, the "Uniform Invoice for Motor Vehicle Sales" and the "Motor Vehicle Registration Certificate" by logging in to the website of the National Automobile Circulation Information Management System or the "Car Trade-in Platform" (hereinafter referred to as the "Car Trade-in Platform") Original photos or scanned copies, etc., and submit the subsidy application to the place where the subsidy is accepted (i.e., the place where the "Uniform Invoice for Motor Vehicle Sales" is issued).

The above-mentioned "Scrapped Motor Vehicle Recycling Certificate", "Motor Vehicle Cancellation Certificate", "Motor Vehicle Sales Uniform Invoice" and "Motor Vehicle Registration Certificate" shall be obtained between the date of issuance of these Detailed 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.

Article 4 After receiving the application materials, the competent departments of commerce in each locality shall, in conjunction with the departments of finance, public security, industry and information technology, conduct a review in accordance with their functions and responsibilities, and feedback the results of the review through the car trade-in platform. The Ministry of Commerce, the Ministry of Public Security, the Ministry of Industry and Information Technology and other departments provide information verification and comparison services such as the recycling and cancellation of scrapped motor vehicles, new vehicle registration, and new energy vehicle models, and support local governments to carry out audit work efficiently.

If the information submitted by the applicant is true and complete, and meets the requirements of these Rules, it shall be reviewed and approved. If the information submitted by the applicant is incomplete or unclear and unrecognizable, the place of acceptance shall inform the applicant of the request for supplementing and correcting the information, and the applicant shall supplement and correct the relevant information through the original channel before the application deadline specified in these Rules.

Article 5 The competent departments of commerce in various localities shall promptly summarize the information of applicants who meet the conditions for subsidies, determine the amount of subsidies, and submit applications for funds to the financial departments. According to the proposal of the fund arrangement put forward by the competent department of commerce, the local financial department shall allocate the subsidy funds to the bank account provided by the applicant in accordance with the procedures after being reviewed and approved by the local supervision bureau of the Ministry of Finance.

Chapter III Management of Subsidy Funds

Article 6 The subsidy funds for the trade-in of old cars shall be shared by the central and local finances in a ratio of 6:4, and the specific sharing ratio shall be determined by region. Among them, the eastern provinces will be shared in a ratio of 5:5, the central provinces will be shared in a ratio of 6:4, and the western provinces will be shared in a ratio of 7:3. The provincial finance department shall take the lead in implementing the part of the local burden.

Article 7 According to the number of fuel passenger vehicles with emission standards of China III and below at the end of 2023, the Ministry of Finance will allocate 70% of the subsidy funds to all provinces in advance to support local start-up work. During the implementation of the policy, the central and local governments will subsidize the scrapped and updated vehicles of eligible automobiles according to the established sharing ratio according to the above-mentioned bicycle subsidy standards, and all localities will settle with consumers according to the facts.

Article 8 After the end of the policy implementation period, in accordance with the principle of "more refund and less compensation", the central and local governments will carry out liquidation. The provincial-level competent departments of commerce and finance shall submit the distribution of subsidy funds to the Ministry of Commerce and the Ministry of Finance before February 10, 2025, and the Ministry of Commerce shall conduct a summary review of the distribution of subsidy funds reported by various localities, and submit proposals for the liquidation of subsidy funds in each province to the Ministry of Finance. The Ministry of Finance issues the budget based on the recommendations made by the Ministry of Commerce.

Chapter IV: Supervision and Management

Article 9 The Ministry of Commerce and the Ministry of Finance, in conjunction with the Ministry of Public Security, the Ministry of Industry and Information Technology, the State Administration of Taxation and other departments, shall guide the relevant local departments to supervise and administer the subsidy of the old car trade-in funds in accordance with their duties and division of labor.

Article 10 local competent departments of commerce are responsible for supervising the review of subsidy funds, local financial departments are responsible for supervising the allocation of subsidy funds, the Ministry of Finance timely organizes the Ministry of Finance to supervise the declaration and use of subsidy funds, and the local public security, industry and information technology, taxation and other departments do a good job in the cancellation of registration of old vehicles, new car registration, unified invoice management and information statistics reporting and other related work according to their duties, so as to ensure the safety of funds, timely issuance, and the implementation of subsidy policies.

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.

Article 12 of the sale, forgery, alteration of the scrapped motor vehicle recycling certificate, assembled vehicles and the recycling of scrapped vehicles on the road or to the society, the relevant departments in accordance with the State Council Order No. 715 ("scrapped motor vehicle recycling management measures") to deal with.

13th misappropriation, fraudulent subsidy funds units and individuals, the relevant departments in accordance with the State Council Order No. 427 ("financial violations of the punishment and punishment regulations") and other relevant laws and regulations.

Chapter V: Supplementary Provisions

Article 14 These Detailed Rules shall come into force on the date of promulgation. The provincial-level competent departments of commerce and finance departments may formulate specific implementation rules for the trade-in of cars in accordance with these detailed rules and in combination with the actual situation of the region.

Article 15 The Ministry of Commerce and the Ministry of Finance shall be responsible for the interpretation of these Detailed Rules in conjunction with relevant departments.

Xiaoxiang Morning News reporter Hu Xiong

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