TECH - China Revs Up EV Sales With Up To $1380 Trade-In Subsidy For Old Cars | Benzinga
Chinese auto customers can get as much as 10,000 yuan ($1,379.98) upon trading in their old vehicles and opting for a more energy-efficient one.
What Happened: China’s Ministry of Commerce said in a statement on Friday that customers who scrap fuel passenger cars that do not comply with its 2007 emissions standard or new energy vehicles registered before April 30, 2018, can receive a one-time subsidy.
Those who scrap these ...