A subsidy of 80,000 yuan for trading in old trucks for new ones, 60,000 yuan for new-energy buses, and 20,000 yuan for new-energy passenger vehicles. On July 25th, the National Development and Reform Commission and the Ministry of Finance jointly issued a notice on "Several Measures to Strengthen Support for Large-scale Equipment Renewal and Trade-ins of Consumer Goods," which clearly outlined subsidy schemes for outdated operating trucks, new-energy buses, power batteries, and vehicle scrapping in the new-energy vehicle sector. Notably, the funds for subsidies related to the trade-in of new-energy vehicles will be allocated directly from the central government to local governments, with a total amount of approximately 150 billion yuan. If a region exhausts its central funding allocation, the excess will be supported through local funds, and the central government will not bear any further responsibility. Any unspent central funding allocations as of December 31, 2024 will be recalled by the central government. Support is provided for the scrapping and renewal of outdated operating trucks. Support is given for scrapping diesel trucks with emission standards of National III and below used for commercial operations, accelerating their replacement with low-emission trucks.

For the scrapping and renewal of eligible trucks, the average subsidy per vehicle is 80,000 yuan; for the renewal of eligible trucks without scrapping, the average subsidy per vehicle is 35,000 yuan; and for the early scrapping of outdated diesel trucks used for commercial operations, the average subsidy per vehicle is 30,000 yuan. The subsidy standards for renewing new-energy buses and power batteries have been increased. The electrification of urban buses is promoted, and support is provided for the renewal of new-energy buses and power batteries. For new-energy buses and power batteries with an age of 8 years or more, the average subsidy per vehicle is 60,000 yuan. The subsidy standards for vehicle scrapping and renewal have been increased. Based on the existing trade-in programs, individual consumers who scrap eligible vehicles and purchase new-energy passenger vehicles will receive a subsidy of 20,000 yuan (an increase of 10,000 yuan compared to existing policies), and those who purchase gasoline passenger vehicles with a displacement of 2.0L or less will receive a subsidy of 15,000 yuan (an increase of 8,000 yuan compared to existing policies). In addition to direct subsidies, the proportion of financial interest subsidies for equipment renewal loans has also been increased. For the principal of bank loans for eligible business entities, the central government's financial interest subsidy has been increased from 1 percentage point to 1.5 percentage points, with a subsidy period of 2 years and a total subsidy scale of 20 billion yuan.

Below is the original text of the notice: