Shanghai extends trade-in subsidies for EV purchases

Shanghai has extended trade-in subsidies for electric vehicle (EV) purchases until the end of 2023, according to the Shanghai Development & Reform Commission (SDRC).

The move is the latest local government initiative to promote the take-up of EVs following the country’s broader call to revive China's slowing economy.

The Shanghai subsidy was...


Yiwen Ju

September 15, 2023

16:58 GMT