...Source: https://cnevpost.com/2024/04/27/china... Transcript: China EV Post reports that China is offering subsidies up to $1,380 for trading in old cars for new ones. This policy, effective until December 31, 2024, aims to boost auto sales. Subsidies of $1,380 are available for those scrapping certain old cars for new energy vehicles, and $970 for specific old fuel cars for new ones with lower displacement. Applications for the subsidy are open until January 10, 2025. This move could lead to an additional 1 to 2 million passenger car sales. Analysts predict brands like BYD and Aito might benefit significantly. The policy could inject $23.6 billion to $47.2 billion into the market, with expectations of improved auto market performance as early as May.