RMB 22 Billion in Government Bonds to Support Replacement of Aging Freight Trucks

[Policy Update] China will allocate RMB 22 billion from ultra-long-term special government bonds to support the scrappage and replacement of aging commercial freight trucks.

Core Development: New Energy Heavy-Duty Trucks to Be Prioritized Starting in 2026

On July 21, the Ministry of Transport announced that in 2026, it will continue advancing the program for scrapping and replacing aging commercial freight trucks. Differentiated subsidies will be offered based on whether vehicles meeting China III or China IV emission standards are scrapped or replaced, with new energy heavy-duty trucks receiving higher subsidy amounts—significantly reducing replacement costs for transportation companies.

Key Figures: Over 3,000 Charging and Battery-Swap Stations to Cover Critical Freight Hubs

More than 3,000 charging and battery-swap stations for electric heavy-duty trucks will be built this year, focusing on national expressways, four major urban clusters (Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Chengdu-Chongqing), as well as ports and mining areas. This initiative aims to connect individual stations into integrated networks, addressing the critical bottleneck of energy replenishment along major freight corridors.

Strategic Foundation: "Two New" Policies Driving Green Transformation in Freight Transport

Through coordinated efforts on both the demand side (via subsidies) and the supply side (via infrastructure development), the policy accelerates the phaseout of high-emission diesel trucks and directly stimulates demand for new energy heavy-duty trucks, supporting low-carbon transformation in the transportation sector.