The subsidy policy for car purchase in Henan Province continued until the end of June, with a maximum subsidy of 10000 yuan for new energy vehicles.

According to CTOnews.com news on April 17, the people's Government of Henan Province issued a number of policies and measures to further promote consumption, extending the car purchase subsidy policy until the end of June 2023. Consumers who buy new cars in the province will be subsidized at 5% of the purchase price (up to 10000 yuan per Taiwan), and half of the provincial and municipal finance will be subsidized. The specific standards and methods of subsidy will be formulated and implemented by various localities in the light of reality.

CTOnews.com learned that the "measure" encourages used car distribution enterprises with annual sales volume of more than 100 million yuan in 2023 and a growth rate of more than 10% in that year to reward 0.5% of their used car sales (no more than 1 million yuan at most), and provincial finance to subsidize 20% of their actual financial expenditure.

We will encourage all localities to subsidize the consumption of smart electronic products and household appliances or carry out trade-in promotion activities, and extend the policy of no more than 30% of the actual financial expenditure of the province to the end of June 2023.

All localities are encouraged to issue consumption vouchers such as retail, catering, cultural tourism and accommodation, and the subsidy policy of no more than 30% of the actual financial expenditure of cities under the provincial jurisdiction (Jiyuan demonstration area and airport area) will be extended until the end of June 2023.