Ministry of Commerce: The “trade in” subsidy for automobiles can be combined with the reduction and exemption of new energy vehicle purchase tax and other benefits

On April 24th, seven departments including the Ministry of Commerce and the Ministry of Finance jointly issued the “Implementation Rules for Subsidies for Automobile Trade ins”, which specifies that from the date of issuance to the end of 2024, individual consumers who scrap old cars that meet the conditions and purchase new energy vehicles or energy-saving vehicles that meet the conditions will be given a one-time fixed subsidy. According to He Yadong, spokesperson for the Ministry of Commerce, after the issuance of the Implementation Rules, various parties have paid widespread attention and received good feedback. Many regions have already refined and introduced their own implementation measures. In the process of policy design and implementation, the following aspects should be emphasized.

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