Core Insights - The report from the Passenger Car Association highlights that the "two new" subsidy policies this year have effectively supported poverty alleviation and fairness across most regions, benefiting economic vehicles significantly [1] - The promotion of subsidies for scrapping and replacing old vehicles has provided a greater advantage for new energy vehicles compared to traditional fuel vehicles [1] - The relatively lower prices of mid-to-low-end new energy vehicles, combined with equitable subsidies, have positively stimulated consumer purchasing enthusiasm [1]