How much is the car trade-in subsidy and how to receive it? Everything you want to know is here

Detailed Rules for the Implementation of the Car Trade-in Subsidy

The Ministry of Commerce gave detailed answers to relevant questions

Source | Ministry of Commerce website

Finishing | Anhui new energy vehicle network

On the 24th of last month, the Ministry of Commerce, the Ministry of Finance and other 7 departments jointly issued a notice on the "Implementation Rules for Car Trade-in Subsidy", informing individual consumers to scrap eligible fuel vehicles and new energy vehicles, will be given a one-time fixed subsidy, the subsidy standard ranges from 7,000-10,000 yuan.

In view of the implementation rules, consumers are more concerned about the implementation time, subsidy application time, subsidized vehicle scope and how to apply for subsidies, etc., a few days ago, the Ministry of Commerce has provided detailed answers to relevant questions, as follows:

Q1

When will the car trade-in be implemented and when will the subsidy be applied?

A: The implementation period will start from the date of issuance of the Detailed Rules (i.e. April 24, 2024) to December 31, 2024. The subsidy application period is from April 24, 2024 to January 10, 2025. If it is necessary to change the relevant information of the amendment, it should also be completed before 24:00 on January 10, 2025. If the subsidy application is not submitted or the relevant application information is supplemented and corrected within the time limit, the subsidy will not be processed. (2nd batch Q&A update)

Q2

What is the subsidy scope for car trade-in?

Answer: During the implementation of the policy, a fixed subsidy will be given to individual consumers who scrap passenger cars with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018 (including that day), and purchase new new energy passenger cars or new passenger cars with a displacement of 2.0 liters and below that are included in the Ministry of Industry and Information Technology's "Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax".

Q3

Do I have to be the same person to apply for a new car and an old car to apply for the car trade-in subsidy?

A: Yes, the owner of the scrapped vehicle and the newly purchased vehicle must be the same person.

Q4

Does the subsidy scope for car trade-in include unit cars?

Answer: It does not include unit cars, and this subsidy is only for individual consumers.

Q5

Does the car trade-in subsidy cover commercial vehicles?

A: Commercial vehicles are not included, and the subsidy is only for passenger cars.

Q6

What is the subsidy standard for car trade-in?

Answer: A subsidy of 10,000 yuan will be given to those who scrap passenger cars with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018 (including that date) and purchase new new energy passenger cars that are included in the Ministry of Industry and Information Technology's "Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax"; If you scrap the fuel passenger car with emission standards of China III and below and purchase a new car with a displacement of 2.0 liters and below, the subsidy is 7,000 yuan.

Q7

What is the definition of passenger car in the Detailed Rules?

Answer: Passenger cars refer to small and micro passenger cars registered in the public security traffic management department.

Q8

How to define the fuel passenger vehicles with emission standards of China III and below in the "Detailed Rules"?

Answer: In the national mandatory standard "Light Vehicle Pollutant Emission Limits and Measurement Methods (China III, IV Phase)" (GB18352.3-2005) Phase IV requires the full implementation of the national registration of cars registered before, that is, before June 30, 2011 (including the day) registered gasoline passenger cars, before June 30, 2013 (including the day) registered diesel passenger cars and other fuel types of passenger cars, all belong to the scope of the national III and below car trade-in subsidy. Other fuel types include blended oil, natural gas, LPG, methanol, ethanol, hydrogen, biofuels, and more. Imported automobiles are implemented with reference. (2nd batch Q&A update)

Q9

What is the definition of fuel passenger cars with displacement of 2.0 liters and below in the "Detailed Rules"?

Answer: Fuel passenger cars with a displacement of 2.0 liters or less refer to passenger cars with an engine displacement of ≤ 2.03 liters and a fuel type of gasoline, diesel or other fuel types. Other fuel types include blended oil, natural gas, LPG, methanol, ethanol, hydrogen, biofuels, and more.

Q10

How to define the new energy passenger vehicle in the "Detailed Rules"?

Answer: New energy passenger vehicles refer to the models that are included in the "Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax" issued by the Ministry of Industry and Information Technology in accordance with the "Announcement on Adjusting the Technical Requirements for New Energy Vehicle Products for Reduction and Exemption of Vehicle Purchase Tax".

Q11

What are the requirements to apply for subsidy funding?

Answer: The application for car trade-in subsidy funds should meet the following requirements: (1) The subsidy applicant is an individual consumer. (2) The applicant scraps the old car under the name of the individual and obtains the "Scrapped Motor Vehicle Recycling Certificate" within the specified time. (3) The applicant cancels the old car in his or her name and obtains the "Motor Vehicle Cancellation Certificate" within the specified time. (4) The applicant purchases a new car and obtains the Uniform Invoice for Motor Vehicle Sales within the specified time. (5) The applicant shall go through the registration procedures and obtain the "Motor Vehicle Registration Certificate" within the specified time. (6) The above-mentioned "Scrapped Motor Vehicle Recycling Certificate", "Motor Vehicle Cancellation Certificate", "Motor Vehicle Sales Uniform Invoice" and "Motor Vehicle Registration Certificate" shall be issued between the date of issuance of the "Detailed Rules" and December 31, 2024.

Q12

What is the issuance time of the above-mentioned old car and new car documents?

Answer: (1) The scrapping date of the old vehicle shall be subject to the delivery date stated on the "Scrapped Motor Vehicle Recycling Certificate". (2) The cancellation date of the old vehicle shall be subject to the cancellation date stated on the "Motor Vehicle Cancellation Certificate". (3) The date of purchase of a new car shall be subject to the invoice date stated in the "Uniform Invoice for Motor Vehicle Sales" issued by the automobile sales enterprise. (4) The registration date of the new vehicle shall be subject to the registration date stated on the "Motor Vehicle Registration Certificate" issued by the public security department.

Q13

How can I apply for the subsidy?

Answer: There are two main ways to submit the subsidy application online: (1) The mobile phone can search for the "car trade-in" mini program on the homepage of Alipay, Douyin and other platforms, or directly scan the QR code of the "car trade-in" mini program, enter the application page, fill in the application information and upload the required attachments. (2) On the computer side, you can log in to the website of the "National Automobile Circulation Information Management System" (https://qclt.mofcom.gov.cn), click on the topic of "car trade-in", enter the application page, fill in the application information and upload the required attachments.

Q14

What documents should be provided to apply for subsidy funding?

Answer: The following materials should be provided to apply for the car trade-in subsidy fund: (1) The applicant's identity information, the front and back photos of the ID card need to be uploaded; (2) Applicant's bank account information; (3) Original photos or scanned copies of the "Scrapped Motor Vehicle Recycling Certificate" and "Motor Vehicle Cancellation Certificate". (4) Original photos or scanned copies of the "Uniform Invoice for Motor Vehicle Sales" and "Motor Vehicle Registration Certificate" for new vehicles;

If there are special circumstances such as changing the name and ID number, relevant supplementary materials shall be submitted, which shall be subject to the requirements of the local competent department of commerce.

Owners who intend to apply for car trade-in subsidy funds should upload the above materials to the car trade-in platform within the time limit specified in the Detailed Rules. After being reviewed by the local departments of commerce, finance, public security, industry and information technology, the audit results will be fed back through the car trade-in platform. If the information submitted by the applicant is true and complete, and meets the requirements of the Detailed 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 as required.

Q15

How do I know where the subsidy is received?

Answer: The place where the "Uniform Invoice for Motor Vehicle Sales" for new cars is issued.

Q16

Will the subsidy be directly deducted from the purchase price of the car or will it be paid in cash?

A: Cash subsidies will be issued. After the owner completes the procedures for scrapping the old car and purchasing the new car, he submits the application for subsidy information through the car trade-in platform, and after the information is approved, the local financial department will allocate the subsidy funds to the bank account provided by the applicant according to the procedures.

Q17

Who should I sell my old car to?

Answer: According to the relevant provisions of the "Measures for the Management of Scrapped Motor Vehicle Recycling" and its implementation rules, the owners of old cars need to hand over the scrapped old vehicles to qualified scrap recycling and dismantling enterprises for scrapping. All localities shall not require the sale of scrapped vehicles to designated enterprises. The list of scrapped recycling and dismantling enterprises can be inquired through the local competent department of commerce, local telephone consultation hotlines, and car trade-in applets.

Q18

What are the processes for scrapping old cars?

Answer: the owner of the old car will scrap the old car to the motor vehicle recycling and dismantling enterprise, the scrapped motor vehicle recycling and dismantling enterprise for the scrapped motor vehicle, shall issue the "scrapped motor vehicle recycling certificate" to the motor vehicle owner, take back the motor vehicle registration certificate, license plate, driving license, and in accordance with the relevant provisions of the state to the traffic management department of the public security organ for cancellation of registration, the "motor vehicle cancellation certificate" to the motor vehicle owner.

Q19

Who is responsible for reviewing subsidy applications and disbursing subsidy funds?

Answer: The relevant departments in various localities are responsible for reviewing the subsidy application and issuing the subsidy funds. According to the "Detailed Rules", after receiving the application materials, the local competent departments of commerce, together with the departments of finance, public security, industry and information technology, will review them in accordance with their functions and responsibilities, and feedback the review results through the car trade-in platform.

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 suggestions of the competent department of commerce, the local financial departments shall allocate the subsidy funds to the bank account provided by the applicant in accordance with the procedures.

Q20

If consumers have questions, what channels can they consult?

A: If consumers have any questions, they can consult through the car trade-in hotlines set up in various places. The consultation phone number can be obtained through the "Car Trade-in" applet.

Car trade-in subsidy Q&A

(2nd batch)

Q21

If a consumer purchases a new energy vehicle included in the Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax during the implementation of the policy, will the consumer be entitled to the subsidy if the model has been removed from the Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax Reduction and Exemption when submitting the subsidy application?

Answer: Based on the date of issuance of the "Uniform Invoice for Motor Vehicle Sales", the model can enjoy the subsidy in the Ministry of Industry and Information Technology's "Catalogue of New Energy Vehicle Models for Reduction and Exemption of Vehicle Purchase Tax" on the date of invoicing.

Q22

Is there a sequential requirement for scrapping old cars and buying new ones?

Answer: The owner can scrap the old car first, or buy a new car first, and the "Scrapped Motor Vehicle Recycling Certificate", "Motor Vehicle Cancellation Certificate", "Motor Vehicle Sales Uniform Invoice", "Motor Vehicle Registration Certificate" and other supporting materials should be issued between April 24, 2024 and December 31, 2024.