Shanghai: Support car scrappage and renewal, subsidies for purchasing new energy passenger vehicles not exceeding 20,000 yuan.

The Shanghai Development and Reform Commission and the Shanghai Finance Bureau have issued a notice on the implementation of the 2026 large-scale equipment renewal and consumer goods replacement policy in Shanghai. The notice puts forward 16 specific measures from four aspects: promoting large-scale equipment renewal, implementing consumer goods replacement, facilitating the recycling and reuse network, and strengthening organizational implementation. In terms of implementing consumer goods replacement, the notice specifies support for automobile scrapping and renewal. Personal consumers who scrap and register passenger vehicles under their own names, and purchase new energy passenger vehicles or gasoline passenger vehicles with a displacement of 2.0 liters or less that are included in the "List of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction Exemption," will receive subsidies for automobile scrapping and renewal. The subsidy for purchasing new energy passenger vehicles is 12% of the vehicle price, and the subsidy for purchasing gasoline passenger vehicles with a displacement of 2.0 liters or less is 10% of the vehicle price.