Gasgoo Munich-Jiangxi Province unveiled detailed rules for its 2026 consumer trade-in program on March 3, bringing a major overhaul to automotive subsidies. The policy shifts from fixed-rate subsidies to a percentage-based system tied to the new vehicle's price. Consumers scrapping old cars to buy new energy passenger vehicles can now receive subsidies of up to 20,000 yuan, a move designed to inject fresh vitality into the auto market.
The initiative divides subsidies into two distinct categories: scrapping and trading in, with varying levels of support. Under the scrapping program, consumers who retire gasoline vehicles registered before June 30, 2013, diesel vehicles registered before June 30, 2015, or new energy vehicles registered before December 31, 2019, are eligible. Purchasing a new energy passenger vehicle grants a subsidy equal to 12% of the new car's tax-inclusive price, capped at 20,000 yuan. For internal combustion engine vehicles with a displacement of 2.0 liters or less, the subsidy is 10%, capped at 15,000 yuan. The trade-in program targets consumers transferring ownership of their existing passenger vehicles. This offers an 8% subsidy for new energy purchases, capped at 15,000 yuan, and a 6% subsidy for fuel vehicles, capped at 13,000 yuan.
Application channels differ for the two schemes. Scrapping subsidies require materials to be submitted via the "National Automobile Circulation Information Management System" or the "Car Trade-in" mini-program, while trade-in subsidies are processed through the "Jiangxi Province Car Replacement Update Platform." Notably, consumers are limited to one type of auto subsidy. Furthermore, the new vehicle's invoice and registration certificate must be issued within Jiangxi Province, and all application materials must be dated after January 1, 2026.
Additionally, subsidy funds will be managed according to the principles of "total volume control, monthly allocation, balanced utilization, and first-come, first-served availability," ensuring orderly distribution throughout the year.
The trade-in policy is effective for the entirety of 2026. While subsidies also cover home appliances and digital smart products, the automotive sector remains the core focus. These substantial incentives are expected to effectively drive an upgrade in provincial auto consumption and support the development of green, low-carbon mobility.
