{"id":71303,"date":"2025-08-15T09:51:09","date_gmt":"2025-08-15T09:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/71303\/"},"modified":"2025-08-15T09:51:09","modified_gmt":"2025-08-15T09:51:09","slug":"reports-that-china-has-suspended-car-trade-in-subsidies-in-multiple-regions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/71303\/","title":{"rendered":"Reports that China has suspended car trade in subsidies in multiple regions"},"content":{"rendered":"<p data-v-64ab016d=\"\">Reports that China has suspended car trade in subsidies in multiple regions, but scrap renewal incentives remain in place. I am not sure how widely spread the suspension is. <\/p>\n<p data-v-64ab016d=\"\">China&#8217;s auto trade-in subsidy program offers up to CNY20,000 for new energy vehicles (NEVs) and \u00a515,000 for traditional fuel-powered cars. Essentially China\u2019s version of \u201ccash for clunkers,\u201d but with a broader scope and a bigger push toward NEVs.<\/p>\n<p data-v-64ab016d=\"\">The incentives\u2014part of a consumer goods trade-in scheme\u2014have already generated over 10 million applications and are expected to support a jump of some 3 million units in vehicle demand this year, with NEVs projected to exceed 60% of new sales thanks in large part to these targeted subsidies.<\/p>\n","protected":false},"excerpt":{"rendered":"Reports that China has suspended car trade in subsidies in multiple regions, but scrap renewal incentives remain in&hellip;\n","protected":false},"author":2,"featured_media":71304,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,44530,46],"class_list":["post-71303","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-china-auto-subsidies","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/71303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=71303"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/71303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/71304"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=71303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=71303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=71303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}