CHINA WILL PAY DRIVERS UP TO $2,800 TO SCRAP THEIR OLD CARS AND GO GREEN

Courtesy of Xpeng

G9 / Courtesy of Xpeng

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China has been implementing a comprehensive trade-in program since 2024, covering a wide range of consumer goods, including automobiles, smartphones, and home appliances. The reintroduction of the auto subsidy program is expected to provide a much-needed boost to consumer spending, which has been sluggish in recent times. By incentivizing the replacement of older vehicles with more environmentally friendly options, the government aims to achieve two goals simultaneously: stimulating domestic demand and advancing the country's transition to a greener transportation system.

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2026-01-10T00:52:02Z