Since the State Council issued the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in", the Ministry of Commerce and other departments, as well as many provinces and cities across the country, have recently issued the "Action Plan for Promoting the Trade-in of Consumer Goods", including electric bicycles.
I don't know if you remember the 2008 "home appliances to the countryside" policy, the government gave subsidies to promote farmers' consumption upgrades, which also made household appliances, including electric bicycles, enter a period of consumption explosion.
Policy-driven consumption, which is what manufacturers, merchants and consumers are willing to see, and now under the promotion of the central and local governments' "trade-in" policy, the wave of electric bicycles is coming!
From the government level: eliminating scrapped non-standard electric bicycles and replacing them with new new national standard electric bicycles is conducive to safety compliance.
From the level of manufacturers and merchants: such a subsidy policy is conducive to allowing consumers to change to new cars and generate a new round of sales. It is conservatively estimated that there are at least 100 million+ non-standard cars in the country, how much cake can each brand share?
From the consumer level: the government subsidizes the replacement of cars, why not?
Electric vehicle observers believe that when these subsidy policies are all introduced and implemented, it should start in the second half of 2024, it is worth mentioning that behind this trade-in policy also set up a humanized cycle, then the last three years will be another sales explosion period in the electric vehicle industry.