Is There a Subsidy for Scrapping National IV Vehicles?

[LaIsaac]

There is a subsidy for scrapping National IV vehicles. Below is a relevant introduction to the National IV standard: Definition: The National IV emission standard is the fourth phase of China's motor vehicle pollutant emission standards. The main pollutants emitted by vehicles include hydrocarbons, nitrogen oxides, carbon monoxide, and particulate matter. Through the application of technologies such as improved catalytic converter active layers, secondary air injection, and exhaust gas recirculation systems with cooling devices, the standard aims to control and reduce vehicle emissions to below specified levels. Existing Issues: Promoting environmental protection and energy conservation is indeed a major policy direction. However, once it poses significant challenges to corporate interests, resistance is inevitable. Sinopec and PetroChina are state-owned enterprises, and the government cannot use so-called 'standards' to constrain them; it can only use 'standards' to regulate more market-oriented automobile manufacturers. This is the crux of why emission pressures are solely imposed on automobile enterprises.