From May 8 to June 7, Hangzhou plans to arrange for the special fund of 10 million yuan to provide the purchase subsidies for the people buying the new energy vehicles in the district. The maximum subsidy for one vehicle is up to 8,000 yuan.
This is one of Hangzhou's latest measures to stimulate the automobile consumption in the first half of the year. Since the beginning of the year, the major districts of Hangzhou have successively rolled out the multi-wheeled vehicle subsidy policies. Shortly after the subsidy application channel is opened, the subsidies are fully occupied, which indicates that the automobile consumption is recovering rapidly.