China Association for Car Circulation: The number of subsidized passenger vehicles is expected to exceed 12 million by 2026
In a communication from the Chinese Association for Car Circulation, it was stated that, compared to previous years, the New Deal had eased the registration deadline for all categories of old vehicles eligible for subsidies by one year compared with the 2025 policy. The policy dividend reaches a broader group of consumers, allowing more owners of old cars to benefit from subsidies, thereby accelerating the renewal of old vehicles and effectively stimulating consumption potential. The Chinese Association of Automobile Circulation has initially estimated that subsidized passenger cars are expected to exceed 12 million, and that almost 1.5 million new cars will be used to pull new cars, and that the exchange of old cars for new ones in 2026 will benefit more consumers than in 2025. (China Association for Car Circulation)
Source:富途快讯 · Source Link
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