CRASH_news auto

China will continue offering trade-in subsidies in 2026 to support auto consumption, with adjustments to the implementation details compared to 2025 . The National Development and Reform Commission and Ministry of Finance announced this decision in a joint notice today. While maintaining the subsidy caps, the fixed-amount subsidies will be replaced with percentage-based subsidies relative to the vehicle price.  Individual consumers scrapping their passenger vehicles and purchasing new energy passenger vehicles or gasoline passenger vehicles with 2.0-liter or smaller displacement will qualify for subsidies.  For new energy passenger vehicles, the scrapping subsidy amounts to 12 percent of the purchase price , capped at 20,000 yuan ($2,860).  For gasoline passenger vehicles with 2.0-liter or smaller engines, the subsidy is 10 percent of the purchase price, capped at 15,000 yuan ($2,141).  Individual consumers who transfer a passenger vehicle registered under thei...