深圳：这项补贴停止实施

Core Insights - The Chinese new energy vehicle (NEV) industry is transitioning from a "policy nurturing period" to a market-driven phase as government subsidies begin to phase out [3] Group 1: Policy Changes - Shenzhen's automotive replacement subsidy policy will cease on October 28, 2025, after reaching its budget limit [1] - The subsidy program aims to promote the replacement of approximately 160,000 vehicles by the end of 2025, alongside significant sales in home appliances and digital products [2] Group 2: Market Response - The subsidy program has seen a strong market response, with over 1 million applications submitted nationwide by October 22, 2023, indicating high consumer interest [2] - The rapid depletion of subsidy qualifications has led to additional funding being allocated by Shenzhen authorities [2] Group 3: Regional Variations - Several provinces have suspended their long-term special bond subsidy policies, while some local governments are introducing supplementary measures to stimulate automotive consumption [3] - Starting January 1, 2026, the full exemption from vehicle purchase tax for NEVs will shift to a 50% reduction, increasing the cost of purchasing these vehicles [3]