The National Development and Reform Commission and the Ministry of Finance issued a notice regarding the implementation of large-scale equipment updates and Consumer trade-in policies in 2025. The push for the electrification of urban buses is being strengthened, updating urban buses that are 8 years or older and Batteries that are beyond their warranty period, with the average subsidy amount per vehicle increased from 0.06 million yuan to 0.08 million yuan. Local regions can keep the subsidy standard for Battery replacements largely stable and independently determine the vehicle update subsidy standard. The Ministry of Transportation guides all regions to ensure a smooth transition and proper coordination of the preferential policies.