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The districts in Hangzhou issue the consumption subsidy of 40 million yuan in total to stimulate automobile consumption.
Gongshu District, Binjiang District, and Yuhang District respectively provide the graded subsidy of 20 million yuan, 10 million yuan and 10 million yuan for new energy vehicles and fuel (hybrid) vehicles (China VI and above). The “first-come & first-served” principle is followed, until the subsidy is fully issued.