On December 31, the China Automobile Dealers Association released an article highlighting that the 2026 vehicle trade-in policy will enhance comprehensive coordination. This will ensure the efficient and direct disbursement of subsidy funds to consumers, especially those with rigid (essential) demands. The policy is designed to broaden the scope of vehicle owners who stand to gain, with a particular emphasis on incentivizing the retirement of older vehicles and promoting the purchase of energy-efficient and new energy vehicles. During its execution, there will be a focus on harnessing the power of market mechanisms to align subsidies more closely with actual consumer needs. Additionally, the policy aims to simplify administrative processes and enhance oversight and management frameworks. In essence, the policy is anticipated to continuously invigorate consumption, providing a fresh impetus for the transformation, upgrading, and high-quality development of the automobile sector.