On July 21, Ministry of Transport official Cai Tuanjie said China will continue its 2026 scrapping-and-replacement campaign for old commercial trucks and will allocate 22 bln yuan of ultra‑long special treasury bonds to support the program, prioritizing replacement with new‑energy heavy trucks and using the "Two New" policy to boost new‑energy heavy truck demand.

2026-07-21

On July 21, Ministry of Transport official Cai Tuanjie said China will continue its 2026 scrapping-and-replacement campaign for old commercial trucks and will allocate 22 bln yuan of ultra‑long special treasury bonds to support the program, prioritizing replacement with new‑energy heavy trucks and using the "Two New" policy to boost new‑energy heavy truck demand.