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China's cities with the largest car ownership will replace 300,000 electric vehicles by 2027

It's part of a trade-in scheme for obsolete consumer goods。

<p><img src="https://hawk-oss.hawkinsight.com//picture//202406/1189032322_783.jpg" style="width: 100%;">Chengdu, a bustling southwestern Chinese metropolis of 21 million people, plans to eliminate 300,000 old cars and replace more than 300,000 new energy vehicles (NEVs) in the next three years。NEV is the Chinese term for pure electric vehicle (BEV) and plug-in electric vehicle (PHEV)。-- Advertising -- The ambitious car replacement program is a key component of Chengdu's broader strategy to modernize large equipment and encourage trade-in of outdated consumer goods, according to a government document released Thursday.。By the end of last year, the number of motor vehicles in Chengdu was 7.1 million, an increase of 7.1%。Private car ownership growth 8.1%, reaching 5.43 million vehicles, helping Chengdu break through the B-level According to the Ministry of Public Security, Beijing has become the city with the most cars.。-Advertising-Chengdu has introduced incentives to encourage the transformation of traditional fuel vehicles to new energy vehicles。Lan Huajuan, deputy director of the Chengdu Municipal Bureau of Commerce, said the city will provide subsidies of 8,000 yuan (US $1,100), 5,000 yuan (US $690) or 2,000 yuan (US $275) depending on the size of scrapped vehicles。In addition, citizens who purchase new energy vehicles before June 30 will receive an additional 5,000 yuan ($690) reward。By 2027, the recycling of end-of-life vehicles will double, the dismantling of end-of-life vehicles will increase by 20%, the recycling of used home appliances will increase by 35%, and the trade-in of used cars will increase Chen Jian, deputy director of the Chengdu Development Committee, said les should rise by 50%。Local officials claim that through these measures, Chengdu is positioning itself as a leader in adopting new energy vehicles and promoting sustainable development.。</p>

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