Motorists Having Second Thoughts on Replacing their Vehicles
Motorists interested in replacing their high emission yellow labeled vehicles for more environmentally friendly vehicles were offered 5,000 to 18,000 yuan in subsidies. But even with such substantial government giveaways, the past two weeks has seen nearly no new applications filed.
The term yellow label vehicle refers to vehicles that failed national emission standards and those vehicles manufactured in China before 1996 and imported before 1998.
Shenzhen has already restricted yellow labeled vehicles on trunk roads and downtown areas during rush hours and the opening of the Universiade games. One driver was not interested in the subsidies saying that it was too low, he said that he is eligible for a 13,000 yuan subsidy, but if he sells his car to a car dealer he can get 25,000 yuan which in turn sells the car to other cities or provinces.
A lot of drivers agree that the government is wise to improve air quality by encouraging drivers to replace or dispose of yellow-labeled vehicles, but the policy should be reconsidered. If a driver doesn’t benefit from the subsidy program, he would rather keep his vehicle than dispose of it.