"New" automobile subsidies benefits in multiple places, sprinting the peak season of Spring Festival consumption.

In order to stimulate the vitality of the automotive consumption market, various regions have recently introduced detailed rules for the implementation of the 2026 car replacement subsidy policy. Ji'ning City, Shandong Province, implements subsidies based on the proportion of the new car selling price; Shanghai carries out car scrapping and replacement subsidy activities; Shijingshan District in Beijing has introduced a car purchase consumer subsidy policy, with the subsidy amount gradually increasing based on the sales volume of individual cars; Chengdu in Sichuan Tianfu New Area and Shuangliu District have also recently launched car purchase subsidy activities. Yuan Shuai, deputy director of the Investment Department of the China Urban Development Research Institute, stated that the car subsidy activities are driving the coordinated development of car consumption and related industries, providing solid support for the steady growth of local economies. At the same time, the active consumption market will also attract more investments and promote the optimization and upgrading of industrial structure.