Gasgoo Munich- On Jan. 30, the Shanghai Municipal Development and Reform Commission and the Shanghai Municipal Finance Bureau issued a notice on the implementation of the city's 2026 large-scale equipment renewal and consumer goods trade-in policy (hereinafter referred to as "the Policy"). The document outlines support for vehicle trade-ins and measures to regulate second-hand transactions.
Image Source: Shanghai Municipal Development and Reform Commission
Specifically, the policy supports vehicle scrappage. Individual consumers who scrap a passenger car registered in their name and purchase a new energy vehicle included in the purchase tax exemption catalog—or a fuel vehicle with a displacement of 2.0 liters or less—will receive subsidies. For new energy vehicles, subsidies cover 12% of the purchase price, capped at 20,000 yuan, while fuel vehicle subsidies cover 10%, capped at 15,000 yuan.
The policy also explicitly supports vehicle trade-ins. Consumers who transfer ownership of a registered passenger car and buy a qualifying new energy vehicle or a fuel vehicle with a displacement of 2.0 liters or less are eligible. New energy vehicle buyers receive a subsidy equal to 8% of the purchase price, capped at 15,000 yuan, while fuel vehicle buyers receive 6%, capped at 13,000 yuan.
Additionally, the policy addresses support and regulation for the second-hand trading sector. It aims to expand the "Internet+" model for used goods circulation and foster diverse second-hand markets. Authorities plan to optimize registration management for used vehicles, regulate transactions for used electronics, and safeguard user data security. The policy also encourages the growth of inspection agencies and third-party evaluation services. Furthermore, it supports the standardized development of online platforms and offline markets for used goods, improving management and appraisal systems to help these sectors expand.
