Shenzhen offers up to ¥140,000 subsidy to phase out National IV medium and heavy-duty trucks

Owners of non-operational National IV medium and heavy-duty trucks will receive a subsidy of up to 140,000 yuan (US$19,712) per vehicle for scrapping and replacing their vehicles, according to an initiative jointly issued by the city’s ecological environment bureau and municipal finance bureau to accelerate the retirement and replacement of the National IV trucks.

The program applies to private-use National IV medium and heavy-duty trucks that were registered in the city before July 1, 2025. Unlicensed on-site vehicles, special-purpose work vehicles and low-speed trucks and three-wheeled vehicles are excluded from the program.

To qualify for the scrapping subsidy, eligible vehicles must be scrapped within Guangdong Province or exported between July 1, 2025 and Dec. 31, 2026. The early retirement subsidy varies by vehicle type and the timing of the scrappage. For medium-duty trucks, the payment ranges from 10,000 yuan to 25,000 yuan, while for heavy-duty trucks it ranges from 12,000 yuan to 45,000 yuan.

The replacement subsidy is available for new-energy vehicles. Medium-duty new-energy trucks are eligible for a flat subsidy of 35,000 yuan. Heavy-duty new-energy trucks are subsidized according to axle count: 70,000 yuan for two-axle vehicles, 85,000 yuan for three-axle vehicles, and 95,000 yuan for four-axle and above vehicles.

Under the policy, eligible vehicle owners may combine the early retirement subsidy with the replacement subsidy, resulting in a possible total subsidy of up to 140,000 yuan per truck.

The move is intended to speed up removal of older, higher-emitting trucks to improve air quality and promote electrification of freight transport. Truck owners are advised to consult the municipal ecology and environment bureau or the municipal finance bureau, or the local vehicle scrapping and subsidy handling offices, for detailed application procedures, required documents and precise subsidy levels tied to vehicle model and scrapping date.

(Xinhua)