Can I enjoy the 2024 automobile trade-in subsidy when purchasing a Xiaomi SU7? How do I apply for it?
Yes. According to the notice issued by the Ministry of Commerce, the Ministry of Finance, and five other departments titled "Implementation Rules for Automobile Trade-In Subsidies," individual consumers who scrap fuel-powered passenger vehicles meeting National III emission standards or below, or new energy passenger vehicles registered on or before April 30, 2018, and purchase new energy passenger vehicles included in the MIIT "New Energy Vehicle Model Directory Exempt from Vehicle Purchase Tax" or fuel-powered passenger vehicles with a displacement of 2.0 liters or less, will receive a one-time fixed subsidy.
Therefore, individual consumers who scrap eligible vehicles as described above and purchase a Xiaomi SU7 will receive a subsidy of 10,000 RMB. You can apply online before 24:00 on January 10, 2025, by visiting the "National Automobile Circulation Information Management System Website," or by searching for the "Automobile Trade-In" mini-program on Alipay, Douyin, WeChat, or UnionPay platforms to complete the subsidy application.