Shanghai’s Vehicle Scrappage Scheme Got Well Underway

English.chinabuses.com: in a bid to speed up the process of replacement of those heavy-polluting vehicles, Shanghai rolled out its Vehicle Scrappage Scheme on Jun. 1st this year. After the new incentives went into effect, the city has witnessed some tangible results. Thanks to the subsidies provided by the government, those bus operators once sitting tight on decisions quickly moved into action and scraped some old buses in their fleet.

25-meter articulated bus appeared in Shanghai

According to some insiders, the public has been reacting in a positive manner to the new incentives and mini-buses, in particular, are enjoying booming sales in the city. From Jun. 1 to Jul. 20, Shanghai bus operators had scrapped 217 units of old buses in total. By offering subsidies amounting to RMB 1.102 million (about USD 161,307), the city has created an extra bus sales income of RMB 40.80 million (about USD 5.97259 million)

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