Seven departments, including the Ministry of Commerce and the Ministry of Finance, jointly issued the Detailed Rules for the Implementation of Vehicle Trade-in Subsidies.

  Cctv newsAccording to the website of the Ministry of Commerce, in order to implement the decision-making arrangements of the CPC Central Committee and the State Council, 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 Consumption Fa [2024] No.58), recently, the Ministry of Commerce and the Ministry of Finance and other seven departments jointly issued the Detailed Rules for the Implementation of Automobile Trade-in Subsidies (hereinafter referred to as the Detailed Rules), which clarified the funds for automobile trade-in.

  The "Rules" clarify the scope and standards of subsidies. During the period from the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel passenger cars with national emission standards of Class III and below or new energy passenger cars registered before April 30, 2018, and buy new passenger cars that meet the energy-saving requirements can enjoy a one-time fixed subsidy. Among them, for scrapping the above two types of old passenger cars and buying qualified new energy passenger cars, the subsidy is 10 thousand yuan; For scrapping fuel passenger cars with national emission standards of Grade III and below and buying fuel passenger cars with a displacement of 2.0 liters and below, the subsidy is 7,000 yuan.

  The "Rules" clarify the subsidy application process. Individual consumers who intend to apply for automobile trade-in subsidies should fill in the application materials by logging in to the website of the national automobile circulation information management system or the "automobile trade-in" applet before January 10, 2025, and the relevant materials should be obtained from the date of issuance of the Detailed Rules to December 31, 2024.

  The "Rules" clarify the requirements for supervision and management. Relevant local departments should do a good job in subsidizing the old-for-new vehicles according to their duties and strengthen supervision and management. All localities shall not require that scrapped cars be sold to designated enterprises, and shall not set up a list of subsidies or enterprises with regional and technical product orientation. All localities should set up a telephone hotline for car trade-in, respond to public demands in time, and accept social supervision.

  In the next step, the Ministry of Commerce, together with relevant departments, will guide all localities to implement subsidy policies, intensify publicity and interpretation, facilitate consumers to participate in the trade-in of automobiles, and better meet the needs of the people for a better life.