Shanghai increases car trade-in subsidy policy

In the "Implementation Plan on Further Intensifying Efforts to Promote the Replacement of Old Consumer Goods for New Consumer Goods" recently issued by Shanghai, the policy on the replacement of old cars for new vehicles has been adjusted. According to the new policy, individual consumers who scrap fuel passenger cars with emission standards of National III or below or new energy passenger cars registered before April 30, 2018 (including that day) and purchase new energy passenger cars included in the "Catalogue of New Energy Vehicle Models for Vehicle Purchase Tax Reduction and Exemption" or fuel passenger cars with a displacement of 2.0 liters or less will receive higher subsidies. The specific standards are a subsidy of 20,000 yuan for the purchase of new energy passenger cars and a subsidy of 15,000 yuan for the purchase of fuel passenger cars with a displacement of 2.0 liters or less.