In order to further improve Beijing's air quality and speed up the process of upgrading and eliminating old motor vehicles, the Municipal Finance Bureau and the Environmental Protection Bureau jointly issued the Notice on Temporary Adjustment of the Old Vehicle Retirement Subsidy Standards in the City (hereinafter referred to as the “Noticeâ€). The "Notice" will be officially implemented from September 15, 2014. From September to October, the amount of scrapped vehicles will be increased in stages, up to 5,000 yuan.
The "Notice" stipulates that the owners of scrapped old motor vehicles during the period from September 15 to October 31 this year can enjoy the subsidy of 6,000 yuan for the passenger vehicles that have been used for more than 6 years in 2011. The car will increase the subsidy amount of 3,000 yuan, and the maximum increase of the subsidy amount can reach 5,000 yuan. For example, the scrap subsidy for small passenger cars is increased from 7,000 yuan/car to 9,500 yuan/car, and the bus is increased from 16,500 yuan/car to 21,500 yuan/car. The increased scrap subsidy standards will be differentiated according to the different types of vehicles, the age of use and the amount of pollutants discharged, with a focus on stimulating heavily polluting medium and heavy-duty diesel vehicles. "This increase in the amount of subsidies is only for scrapped vehicles that are directly disintegrated. The vehicles that are transferred out are not within the scope of this increase in subsidies," said Li Kunsheng, director of the Motor Vehicle Emissions Management Division of the Municipal Environmental Protection Bureau.
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