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The old-for-new policy benefits the people and enterprises and has achieved initial results

In order to stimulate automobile consumption, in late April 2024, the state issued the "Implementation Rules of Automobile Trade-in Subsidy". Individual consumers who scrap eligible old cars and buy new ones that meet the energy-saving requirements can enjoy a one-time fixed subsidy of up to 10,000 yuan. The Ministry of Commerce (MOFCOM) recently held a promotion meeting on China's campaign to exchange old consumer goods for new ones, and said the policies have initially paid off.

Recently, Mr. He from Liaocheng, Shandong Province, came to a local scrapping car company to prepare to scrap his car after more than 10 years and replace it with a new one. After reviewing the relevant vehicle documents in the service hall, Mr. He drove the vehicle ready for scrapping to the weighbridge area of the factory for frame number check and accurate weighing. According to the weight of the vehicle, Mr. He quickly received the scrapping fee at the scene. After the vehicle has completed the scrapping and dismantling process, Mr. He can receive the vehicle recycling and cancellation certificate.

The staff of some scrapped car dismantling companies introduced that recently, their collection volume is also gradually increasing. In a scrapped car dismantling company in Zouping City, Shandong province, there are more than 100 scrapped cars large and small parked in the storage area. According to the staff, these vehicles are placed according to the classification of fuel vehicles and new energy vehicles, and then dismantled according to different methods, more than 100 vehicles can be dismantled in three or four days.

Recently, the Ministry of Finance released the central budget for pre-allocated funds to subsidize the use of old vehicles for new vehicles in 2024, with the total annual funds of the central and local governments reaching nearly 11.2 billion yuan.

Refined dismantling to increase the value of scrapped cars

How will scrapped cars be dealt with? What kind of value can the refined disassembled scrapped cars produce through resource recycling?

It is understood that the scrapped cars after inspection are moved to the pretreatment area, after the extraction of oil, interior disassembly and other pretreatment processes, and then the scrapped vehicles are refined disassembled.

It is understood that in addition to the five assemblies of higher value of fuel vehicles, many parts of scrapped vehicles can be recycled through fine dismantling.

Through the recycling of resources, scrap vehicles can not only develop green circular economy, promote energy conservation and emission reduction, but also promote the sustainable development of non-ferrous metals, electronic materials and other industries. According to estimates by relevant departments, for every 10 million scrapped vehicles, 10.35 million tons of steel, 750,000 tons of non-ferrous metals, 900,000 tons of plastics and 750,000 tons of rubber can be recycled.

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