明年“国补”范围有增有减，补贴力度有变

Core Viewpoint - The 2026 "National Subsidy" policy for consumer goods has been clarified, with adjustments in the scope and intensity of subsidies compared to 2025 [2][5]. Group 1: Subsidy Scope Changes - The 2026 "National Subsidy" will focus on four main categories: automotive scrapping, automotive replacement, home appliances, and digital/ smart products, while excluding home decoration and electric bicycles [3][4]. - The home appliance subsidy category has been reduced from 12 types in 2025 to 6 types in 2026, specifically including refrigerators, washing machines, televisions, air conditioners, computers, and water heaters, with the exclusion of kitchen appliances like stoves and microwaves [3][4]. Group 2: Subsidy Intensity Adjustments - The subsidy for automotive scrapping will shift from fixed amounts (20,000 or 15,000 yuan) to a percentage of the new car purchase price (12% or 10%), maintaining the previous upper limit [5]. - For home appliances, the subsidy rate will decrease from 20% to 15%, and the maximum subsidy per appliance will drop from 2,000 yuan to 1,500 yuan [5]. Group 3: Policy Implications - The adjustments in the subsidy policy are expected to promote green and intelligent manufacturing investments, stabilize manufacturing investments, and enhance consumer spending [6]. - The optimization of the consumer goods replacement policy aims to better align with market demands by considering local population and appliance ownership, thereby maximizing the effectiveness of fiscal funds [6].