The Ministry of Commerce announced yesterday that the Ministry of Finance and the Ministry of Commerce had recently issued a joint announcement to clarify the scope, conditions, and standards of 2011 old car retirement subsidies, and to increase the funding subsidies for some old cars.

The announcement first explicitly continued to provide capital subsidy for urban public transport, rural passenger vehicles and early-stage scrapped heavy-duty trucks that meet certain conditions, be retired in advance, and appropriately extend the useful life of subsidized vehicles, including urban public transport, rural passenger transport, and heavy cargo loading. The useful lives of subsidized vehicles such as automobiles are adjusted from 7 to 9, 4 to 8 and 7 to 9 years to more than 8 years (including 8 years), more than 6 years (including 6 years), and more than 10 years (including 10 years). ) Less than 15 years. At the same time, in order to enhance the attractiveness of the subsidy policy, the subsidy standards for city buses, rural passenger transport, and heavy-duty trucks will be adjusted from 15,000 yuan, 10,000 yuan, and 5,000 yuan to 18,000 yuan and 11,000 yuan, respectively, in accordance with the subsidies for automobile replacement. 18,000 yuan.