2026年汽车“两新”政策落地：按车价比例补贴，新能源车最高补2万元

Core Viewpoint - The announcement of the 2026 "Two New" policy for automobiles is expected to significantly boost the automotive consumption market in China, providing a strong stimulus for consumer spending during the upcoming holiday season [2][8]. Group 1: Policy Changes - The 2026 policy introduces a major adjustment in the old-for-new vehicle subsidy standard, shifting from a fixed subsidy to a percentage-based calculation based on the price of the new vehicle [2][3]. - The government has allocated 62.5 billion yuan in special long-term bonds to ensure the timely implementation of the policy during peak consumption periods [2][8]. Group 2: Subsidy Details - The new subsidy structure encourages higher-end consumption, with personal consumers receiving a 12% subsidy (capped at 20,000 yuan) for purchasing new energy vehicles after scrapping their old cars, and a 10% subsidy (capped at 15,000 yuan) for fuel vehicles [3][4]. - In the vehicle replacement scenario, the subsidy for new energy vehicles is set at 8% (capped at 15,000 yuan), while for fuel vehicles, it is 6% (capped at 13,000 yuan) [3][4]. Group 3: Market Impact - The policy aims to address structural issues in the automotive market, promoting a shift from volume expansion to quality improvement, particularly benefiting brands with high-value, technology-rich models [5][6]. - The 2025 old-for-new policy had already shown significant results in boosting automotive consumption and facilitating the upgrade of the automotive industry, with over 60% of the market now driven by replacement demand [7][8]. Group 4: Implementation and Monitoring - The new policy emphasizes optimizing fund allocation and implementing strict measures against illegal practices, such as price gouging and fraudulent claims for subsidies [5][6]. - A pre-allocation system for subsidy funds has been established to alleviate financial pressure on enterprises, ensuring smooth policy execution [7].