English.chinabuses.com: According to the news from Chinese government says that its subsidy plan for trade-in vehicles is expected to spur stagnant commercial vehicles sales in the following months. Consumers will receive a subsidy of between 3,000 and 6,000 yuan per vehicle to replace passenger cars, vans, and trucks that do not meet the country's emission standards, or for those vehicles that have been on road for 8 to 12 years.

The policy will apply to all vehicles traded in between this June and May 31, 2010. And, vehicles owners will be able to apply for the subsidy payout between Aug 1 and June 30, 2010.

Source : english.chinabuses.com

Editor : Wei Yu

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Tags: Commercial Vehicles Subsidy