Purchase subsidies for cars are one of the key elements with which China intends to boost consumption after the so-called Third Plenum. According to a report in the China Securities Journal, the powerful Development and Reform Commission (NDRC) wants to double cash subsidies for EVs and smaller gasoline-powered cars up to 2.0 liters to 20,000 yuan (just over 2,500 euros). This subsidy will be available to anyone who replaces specific older models, including electric cars or plug-in hybrids that were first registered before April 30, 2018. Applicants must provide proof that their old car has been scrapped.