New energy vehicle (NEV) owners who scrap their old rides will receive a higher percentage of support, but budget-friendly models won’t benefit as much compared to high-end cars. This adjustment reflects the government’s strategy to encourage more upscale purchases.

For gasoline vehicles with engines 2 liters or smaller, subsidies are capped at ¥15,000 when trading in an older vehicle and up to ¥13,000 for those buying a new one after scrapping their old car. This change aims to promote fuel efficiency without heavily favoring budget models.

The eligibility requirements remain stringent: owners must scrap vehicles registered before 2015 or trade-in cars from even earlier years. These rules ensure that only outdated, inefficient vehicles are phased out of the market.

Geely’s Xingyuan model, a top-selling affordable car in China, will see its subsidy reduced under this new policy. Other automakers with similar budget offerings won’t be as favored by these changes either.

The new policy won’t impact all car buyers equally. It’s designed to encourage upgrades while still supporting the market with targeted financial aid.

The post China Adjusts Vehicle Subsidies for 2026: Budget Cars See Smaller Support appeared first on Auto Global News – Global Car News & Reviews.

China’s move isn’t just about letting automakers be more creative; it’s also a step towards safer cars. The new rules require all electric power-assisted steering systems to meet ISO 26262 standards, ensuring that even if something goes wrong with the electronics, drivers are still in control.

The standard’s drafting involved some of China’s biggest names like Nio and Xpeng alongside international giants such as Toyota. This collaboration shows how important steer-by-wire technology is for everyone’s future cars.

One standout example is the Nio ET9, which has been leading the charge with its full steer-by-wire system since it hit the market earlier this year. It doesn’t have any mechanical backup to fall back on if things go south electronically—an impressive leap in technology that many are watching closely.

But what does all of this mean for you? Well, while some might be skeptical about losing those physical connections between your hands and the road, others see it as a chance to make cars safer and more efficient. Plus, with fewer parts involved, there’s less room for wear and tear over time.

This change isn’t just about letting automakers build cars they want; it’s also a big deal because it promises to make our roads safer and more efficient. So, if you’re excited by the idea of driving into an entirely new era of automotive technology, China’s latest move is definitely something worth keeping your eyes on.

The post China Lifts Ban on Steer-by-Wire, Opening Doors for EV Innovation appeared first on Auto Global News – Global Car News & Reviews.