Shanghai has introduced a comprehensive plan to boost economic activity and to support its sustainable development through a series of trade-in programs.

The plan includes several key initiatives:

1. Vehicle trade-ins: Increased subsidies for replacing used fossil fuel-powered vehicles with new energy or fuel-efficient vehicles. Subsidies of up to 20,000 yuan ($2,810) are available for the purchase of new energy vehicles and 15,000 yuan for efficient fossil fuel-powered vehicles.

2. Home appliances trade-ins: Subsidies are provided for replacing used home appliances with energy-efficient models. Subsidies cover up to 20 percent of the purchase price for energy-efficient appliances, with a maximum of 2,000 yuan ($281.76) per item.

3. Electric bicycles trade-ins: A 500-yuan subsidy is available for trading in used electric bicycles and purchasing new, certified models.

4. Support for freight vehicles and agricultural machinery: Enhanced subsidies for trade-ins of freight vehicles and agricultural machinery for purchasing new, low-emissions models.

5. New energy buses: Fixed subsidies of 80,000 yuan per new energy city bus and 42,000 yuan for battery replacements.

Source: Shanghai Municipal Development and Reform Commission, Shanghai Municipal Bureau of Finance