The question "Has the national subsidy program ended?" has been trending recently. On October 21, the National Development and Reform Commission and the Ministry of Finance jointly clarified that the fourth and final batch of the national subsidy program, worth 69 billion yuan under the "trade-in" policy, officially launched nationwide on October 1 and will run until December 31, 2025, or until funds are exhausted. For consumers planning to upgrade appliances, electronics, cars, or home furnishings during the "Double 11" or "Double 12" shopping festivals, this represents the last major policy benefit of 2025, with no similar subsidies expected for at least a year.

**Key Highlights** To maximize savings, consumers should note the following promotional codes: - **JD.com**: Search "红包600" (Red Packet 600) in the app to claim daily discounts (up to 11,111 yuan). - **Taobao**: Search "天降红包7800" (Skyfall Red Packet 7800) for similar benefits.

**Subsidy Application Methods**: - **Appliances**: Search "家电588" for discounts up to 2,000 yuan. - **Electronics**: Search "数码588" for discounts up to 2,000 yuan. - **Smartphones**: Search "手机588" for discounts up to 500 yuan.

**1. Subsidy Coverage and Rules** The 2025 subsidy program now includes four major categories: - **Appliances** (12 types, e.g., refrigerators, TVs, air conditioners): Subsidies range from 15% to 20% of the purchase price, capped at 2,000 yuan, with air conditioners limited to three units per household. - **Electronics** (smartphones, laptops, tablets): Subsidies of 15%, up to 500 yuan for phones and 2,000 yuan for laptops. - **Automobiles**: Up to 20,000 yuan for new energy vehicles (with trade-in) and 15,000 yuan for fuel vehicles. Local subsidies in cities like Shanghai and Shenzhen can further reduce costs. - **Home Furnishings** (newly added): Subsidies of up to 30% for items like smart lighting and flooring, with a cap of 30,000 yuan per household in some regions.

**2. Application Guide** - **Platforms**: JD.com and Taobao offer dedicated search keywords (e.g., "家电588" for appliances, "汽车以旧换新" for cars). - **Tips**: - Check regional release times (e.g., Fujian at 9 AM, Guizhou on Fridays). - Use multiple platforms (JD, Taobao, local mini-programs) to increase success rates. - Ensure consistency in order, payment, and shipping details to avoid disqualification.

**3. Key Deadlines and Regional Variations** - **Critical Dates**: October 31 (JD’s Double 11 pre-sale), November 10 (lowest prices), and December 31 (final cutoff). - **Regional Challenges**: - Shanghai and Anhui use a lottery system (high difficulty). - Shandong and Jiangsu have fast-depleting quotas (requires quick action). - Sichuan and Guangxi offer dual channels (easier access).

**4. Additional Discounts and Reminders** - **Platform Coupons**: JD’s "红包600" and Taobao’s "红包到手886" can stack with subsidies. - **Warnings**: - Funds may run out early in high-demand regions like Shandong. - Policy changes in 2026 will reduce EV subsidies, raising costs by 15,000–20,000 yuan. - Prepare trade-in proofs (e.g., appliance serial numbers, car scrapping certificates) for verification.

To date, the 2025 subsidy program has driven over 330 million applications, boosting consumption by 2 trillion yuan. With the final 69 billion yuan now available, consumers are urged to act quickly before funds expire.