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Subsidies for low carbon cars are likely to be effective, because the evidence is that people tend to discount long run costs. Circulation and fuel taxes combined with ‘scrappage’ subsidies may be able to deliver this goal if combined with information and education. But there is a bigger picture.
How much will the UK’s vehicle scrappage scheme help car buyers? The scheme, which sees motorists buying a new car rewarded with a £2,000 subsidy if they trade in a vehicle over 10 years old that they have owned for at least 12 months is made up of £1,000 from the Government and an equal amount from the manufacturer.
Spain has decided to extend its version of the scrappage scheme, to continue support for car industry. Under the Spanish system, motorists can buy a new or used car up to five years old by scrapping a [.]. Tags: Green credentials C02 carbuying extend fund incentive scheme scrappage Spain.
Though it has faced a barrage of criticism since its inception earlier this month, it would appear that the Government’s scrappage scheme has proved popular with consumers. This means that roughly one in every five new cars ordered in this period makes the most of the scrappage scheme. Leave a comment with your thoughts.
The eagerness to reward greencar buyers for their purchases now looks likely to extend to Israel, where the finance ministry is planning new regulations on car purchasing according to Reuters. It is expected that the cars with the highest fuel consumption levels, such as SUVs, will face increased taxes and duties.
As we continue our Budget 2009 coverage here at TheGreenCarWebsite.co.uk, we thought we’d break down the scrappage scheme into bite-size pieces showing you exactly how it works and who will qualify. Car manufacturers are NOT obliged to participate - their involvement is voluntary. -
The scrappage scheme is only a few days old here in the UK and it has already come under fire. An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. Leave a comment with your thoughts.
Drivers are increasingly letting their wallet rule their carbuying decisions with more motorists than ever before opting for a greencar over a conventional alternative. However, will greencars really save you money? The Green Piece. suggests that drivers should think twice before going green.
Out have gone the coffee before work each morning, the weekend nights out, and the rush to buy the hot new DVD releases; in has been a new, thrifty way of living. Part of the swing in culture has been a downturn in new car sales. Averting a slump.
Alistair Darling’s 2009 Budget, which announced the introduction of a £2,000 scrappage incentive scheme in the UK, has been met with mixed reviews from industry experts. According to Retail Motor Industry Federation (RMIF) chairman Paul Williams, the announcement could offer a significant boost to new car sales.
Since the announcement that the carscrappage scheme in the UK will be extended (see article ) a host of important industry names have been having their say on the plans, with a cautious but generally positive welcome for the proposals. we want to know what you think of the decision to extend the scrappage scheme.
According to his plans, vehicles that are aged over 10 years old and have been driven by motorists for more than 12 months will be worth £2,000 when traded in for a new car as part of the Government’s new scrappage scheme which takes much of its inspiration from a highly successful format in Germany.
The Government’s carscrappage scheme has got off to a flying start as the end of its first week draws to a close. According to Hyundai, their dealers have been surprised by the array of cars which have been scrapped in exchange for more environmentally friendly i10 and i120s.
Car buyers, set to take advantage of the UK’s £2,000 scrappage incentive, to be launched on Monday, could find that the benefit of the scheme wiped out in depreciation within just 88 days of purchasing a new vehicle. million motorists tempted to cash in on the scheme, these consumers are set to lose a total of £12.5
The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk
Plus, eligible for the scrappage scheme, the GEN-2 ecoLogic starts from just £7,995 (full price £9,995), making the case for choosing LPG even more appealing. Proton introduced the GEN-2 ecoLogic to the UK car market in October 2008. Proton GEN-2 to buy. Tags: Green credentials ecoLOGIC GEN-2 LPG Proton.
Increasing company car benefit in kind tax in the future for all but the lowest carbon cars. Introducing a vehicle scrappage scheme. Confirming the recently announced support for ultra low carbon Cars and infrastructure. Vehicle Scrappage Scheme. Confirming and extending the overhaul of Vehicle Excise Duty Rates.
The Green Piece - Tuesday 23rd June 2009. Since the introduction of Britain’s vehicle scrappage scheme, everything appears rosy for the country’s automotive industry once more. Ostensibly, the scrappage scheme has been presented as an incentive to buy less polluting cars and therefore reduce damage to the environment.
If the UK can develop clean technology then it could dominate export markets rather than having to spend billions on buying carbon credits from countries that have left us behind. The likes of Germany and Denmark are already reaping the rewards of having altered their tax systems to encourage green innovation.
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