The Shenzhen Municipal Government has released the "Special Long-term National Debt Capital Support Plan for Consumer Replacement of Old with New", which aims to achieve the replacement of 0.07 million automobiles, 1 million sets of household appliances, 0.051 million households for home renovations, 0.25 million electric bicycles, and the replacement of 1,300 operating vehicles by the end of 2024.

The plan proposes to provide a one-time vehicle purchase subsidy to individual consumers who purchase new vehicles. The subsidy amount is divided into three tiers based on the vehicle purchase price, with a maximum subsidy of 0.016 million RMB per vehicle. The subsidy standard for scrapping old vehicles and purchasing new energy passenger vehicles has been increased to 0.02 million RMB.

In terms of the replacement of household appliances, the purchase of high-performance appliances can receive a subsidy of 15% of the sale price, with an additional 5% subsidy for first-level energy-efficient products. Electronic products such as smartphones are also included in the subsidy scope, with subsidies ranging from 10% to 15% of the sale price. The maximum subsidy for the replacement of electric bicycles is 800 yuan, and the subsidy for partial home renovations does not exceed 0.02 million RMB.

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