China Renews Car Trade-In Subsidy to Boost Hybrid, EV Sales

China has renewed a trade-in subsidy of up to 20,000 yuan ($2,730) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids. Buyers who trade in an old car for a new EV or plug-in hybrid will receive a 20,000-yuan subsidy, while people who purchase a gasoline car with an engine smaller than 2 liters will get a 15,000-yuan rebate.

The pool of old vehicles that qualify for t…