OnMay 29, the Shanghai Municipal People's Government issued the "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization", which pointed out that it will vigorously promote automobile consumption and increase the quota of non-commercial passenger vehicle licenses by 40,000 during the year. The policy requires a phased reduction in the purchase tax of some passenger vehicles.
Before December 31, 2022, individual consumers who scrap or transfer out a passenger car registered in Shanghai and meet the relevant standards and purchase a pure electric vehicle will be given a financial subsidy of 10,000 yuan per vehicle.Support the development of car rental business.Improve the management regulations for the registration, filing, and vehicle transaction registration of used car market entities.
Since May, domestic auto market consumption has not recovered from the downturn.A large number of auto consumption stimulus policies from various provinces and cities have been introduced one after another to promote the recovery of the auto market.
On May 22 and 23, Hubei Province and Shandong Province successively introduced policies to "encourage automobile consumption", including trade-in discounts, subsidies for car purchases, issuance of consumer coupons, and promotion of new energy vehicles to the countryside.According to incomplete statistics from reporters from the Economic Observer Network, as of May 27, Shenzhen, Qingdao, Zhengzhou, Shenyang, Taiyuan, Changchun and other places have successively introduced relevant policies.
