Hubei Province Automobile Replacement and Renewal Subsidy Rules Released
TapTechNews May 30th news, TapTechNews learned from the Hubei Provincial Department of Commerce that the Hubei Province Automobile Replacement and Renewal Subsidy Implementation Rules was released on May 29th. From May 16th, 2024 to December 31st, 2024, individual consumers who transfer the fuel-powered compact passenger car or new energy compact passenger car under their names with Hubei license plates, and purchase a new fuel-powered compact passenger car or new energy compact passenger car in Hubei Province and register it in the province with the new car registration use nature being non-commercial, can apply for a one-time subsidy.
The subsidy standards are as follows:
For the new purchased vehicle being a new energy compact passenger car
According to the purchase invoice amount (including tax, the same below), for the price of 60,000 yuan (inclusive) to 100,000 yuan (exclusive), the subsidy is 3,000 yuan,
for the price of 100,000 yuan (inclusive) to 200,000 yuan (exclusive), the subsidy is 5,000 yuan,
for the price of over 200,000 yuan (inclusive), the subsidy is 7,000 yuan.
For the new purchased vehicle being a fuel-powered compact passenger car
According to the purchase invoice amount, for the price of 60,000 yuan (inclusive) to 100,000 yuan (exclusive), the subsidy is 2,000 yuan,
for the price of 100,000 yuan (inclusive) to 200,000 yuan (exclusive), the subsidy is 4,000 yuan,
for the price of over 200,000 yuan (inclusive), the subsidy is 6,000 yuan.
This application of the automobile replacement and renewal subsidy is for individual consumers, and transferring the old car, purchasing the new car and registering must be the same person. In addition, the new car purchased by individual consumers should complete the vehicle registration procedures in the Hubei public security traffic management department before January 10, 2025, and the registration date shall be based on the registration date indicated on the Motor Vehicle Driving License.
