The first batch of car trade-in subsidies in China have been distributed, and the hot issues of public concern have been ＂answered＂

CCTV News:Recently, seven departments, including the Ministry of Commerce and the Ministry of Finance, jointly issued the Detailed Rules for the Implementation of Automobile Trade-in Subsidies, which clarified the subsidy standards for automobile trade-in. In the past two days, the first batch of car trade-in subsidies in China have been issued.

Guo Shiwei, a citizen of Wulanchabu City, Inner Mongolia, bought a new car in a 4S shop in Wulanchabu City in early May, and simultaneously submitted the old car scrapping procedures, new car purchase materials and bank card information on the unified platform of the business system of the Ministry of Commerce. On May 14th, Guo Shiwei received the subsidy for trade-in. This is also the first car trade-in subsidy issued nationwide.

Not only are fuel vehicles replaced by fuel vehicles, but the trade-in policy also encourages fuel vehicles to replace new energy vehicles. On the morning of May 16th, Wang Yiming, who was in Taizhou, Zhejiang Province, received the subsidy for the declaration of trade-in of new energy vehicles. According to the national policy, scrapping passenger cars with national emission standards of Grade III and below and buying new energy vehicles can subsidize 10,000 yuan.

Yu Jianhui, director of the Consumption Promotion Department of the Zhejiang Provincial Department of Commerce, said that up to now, more than 150 consumers in Zhejiang have applied for the national automobile trade-in subsidy. In accordance with the principle of "the shortest process and the shortest time", the business department of Zhejiang Province will carry out the examination and approval of subsidy applications in an orderly and efficient manner, and together with the financial department, timely distribute subsidies in place to effectively enhance consumers’ sense of acquisition.　

According to the relevant person in charge of the Ministry of Commerce, consumers can submit application materials through the webpage and applet of the car trade-in platform, and check the progress in real time.

It is understood that since the launch of the platform, consumers across the country have submitted more than 4,700 applications for subsidies, and all localities are speeding up the review and distributing funds to consumers as soon as possible. At present, the top five provinces submitting applications are Shandong, Zhejiang, Sichuan, Henan and Jiangsu.

Ministry of Commerce: Car trade-in subsidy is only for individual consumers.

In order to do a good job in the implementation of automobile trade-in subsidies and facilitate car owners to apply for subsidies, the Ministry of Commerce recently answered relevant questions of public concern.

The implementation time of automobile trade-in is from the date when the Detailed Rules for the Implementation of Automobile Trade-in Subsidies are issued, that is, from April 24, 2024 to December 31, 2024. The subsidy application time is from April 24, 2024 to January 10, 2025. If it is necessary to change the relevant information, it should also be completed before 24: 00 on January 10, 2025.

During the implementation of the policy, if individual consumers scrap passenger cars with national emission standards of Class III or below or new energy passenger cars registered before April 30, 2018 (including that day), and purchase new energy passenger cars or new fuel passenger cars with a displacement of 2.0 liters or below which are listed in the Catalogue of New Energy Vehicle Models with Vehicle Purchase Tax Exemption by the Ministry of Industry and Information Technology, they will be given a fixed subsidy.

Fuel passenger cars with national emission standards of Grade III and below refer to fuel passenger cars with gasoline registered before June 30, 2011 (inclusive) or diesel passenger cars and passenger cars with other fuel types registered before June 30, 2013 (inclusive). Other fuel types include mixed oil, natural gas, liquefied petroleum gas, methanol, ethanol, hydrogen, biofuels and so on.

If a consumer purchases a new energy vehicle included in the Catalogue of New Energy Vehicles with Vehicle Purchase Tax Exemption during the implementation of the policy, when submitting the subsidy application, the vehicle has been removed from the Catalogue of New Energy Vehicles with Vehicle Purchase Tax Exemption, can he enjoy the subsidy?

The Detailed Rules for the Implementation of Vehicle Trade-in Subsidies clearly stipulates that the date of invoicing of the Uniform Invoice for Motor Vehicle Sales is taken as the judgment basis, and the vehicle can enjoy the subsidy if it is listed in the Catalogue of New Energy Vehicles with Vehicle Purchase Tax Exemption by the Ministry of Industry and Information Technology on the date of invoicing.

The owner can scrap the old car first, or buy a new car first. The certification materials such as the certificate of recycling scrapped motor vehicles, the certificate of cancellation of motor vehicles, the unified invoice for motor vehicle sales, and the motor vehicle registration certificate should be completed from April 24, 2024 to December 31, 2024.

The Detailed Rules for the Implementation of Vehicle Trade-in Subsidy also clarifies that the same person must apply for a new car and an old car for the vehicle trade-in subsidy, and the scope of the vehicle trade-in subsidy does not include the unit car. This subsidy is only for individual consumers. Commercial vehicles are not included in the scope of subsidy for car trade-in, and this subsidy is only for passenger cars.