China launches 2025 subsidy programs for electronics, home appliances, and vehicles

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The policies aim to boost key sectors by providing subsidies for purchasing new digital products, home appliances, and vehicles. Details: The following is a summary of the new policies regarding consumer purchases of electronic products or trade-ins for household appliances and vehicles. The trade-in subsidy program for household appliances has expanded from eight categories last year to twelve in 2025. Consumers can receive up to 20% of the sale price for each item, with a maximum subsidy of RMB 2,000 ($272) per item. The new policy expands the eligibility for scrappage subsidies to include older vehicles meeting China IV emission standards.