Liaoning Province releases subsidy policy for new energy buses and battery renewal

Recently, Liaoning Province has introduced a subsidy policy for the renewal of new energy buses and power batteries. The policy aims to promote the electrification of public transportation and ease the financial pressure on public transportation companies. The subsidy targets buses that are more than 8 years old and power batteries that have exceeded the warranty period or do not meet the safe operation conditions. Each new energy bus will be subsidized by 80,000 yuan, and each power battery replacement will be subsidized by 42,000 yuan.