On March 18, the Ministry of Transport, the National Development and Reform Commission, and the Ministry of Finance jointly issued the Notice on the Implementation of Scrapping and Replacement of Old Commercial Freight Vehicles, aiming to support the scrapping and replacement of commercial freight vehicles complying with National III and IV emission standards while accelerating the replacement of high-standard, low-emission models. The policy provides differentiated subsidies based on vehicle type, early scrapping timeline, and powertrain technology for three scenarios: early retirement of old trucks, early retirement combined with purchasing National VI or new-energy trucks, and standalone purchases of eligible new-energy models. View Details >