Are There Subsidies for Car Replacement with New Vehicles?
1 Answers
There are subsidies for replacing old cars with new ones. According to relevant policies in China, car owners can enjoy certain subsidies when replacing old vehicles with new ones. Below are the relevant details: 1. Self-application: The car owner transfers the old motor vehicle out of the city or sends it to a qualified dismantling factory for scrapping. The car owner then fills out and submits an application for government subsidies and corporate reward funds for the elimination of old motor vehicles online or at designated service points. 2. Review: After the car owner submits the application, the transaction processing platform will review the car owner's information. The transaction platform will complete the review within 3 working days after the vehicle's records are transferred out or canceled, and the review results will be publicly displayed to the car owner. Once approved, the car owner can print the corporate reward voucher through the platform's information system or collect it at the service point.