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In what is expected to be significant boost for the govt’s efforts to speed up scrappage of old vehicles, as many as 21 states and UTs have announced some major concessions for car buyers who choose to scrap their cars, ToI reported on April 29. Approximately, 70,000 old vehicles have been scrapped voluntarily so far.
An increasing number of British motorists are opting out of the volatile petrol car market, according to the latest LPG (liquid petroleum gas) vehicle sales figures from Proton. Proton’s sales figures reflect a growing dissatisfaction amongst motorists towards the over-inflated price of petrol, which is once again on the rise.
Drivers are increasingly letting their wallet rule their car buying decisions with more motorists than ever before opting for a green car over a conventional alternative. According to its findings, the savings of buying a green car can vary widely with some only cutting costs by around £18 or £19 a year. The Green Piece.
We would recommend signalling a phase-out date for new petrol vehicles between 2030 and 2032, and confirming that in law in 2024/2025. On the demand side, an ICE phase-out is easy to communicate to consumers, which will increase the perception that petrol-powered vehicles are becoming socially unacceptable. Scrappage schemes .
Introducing a vehicle scrappage scheme. From April 2010 anyone buying a new car will pay a different rate of vehicles tax in the first year of registration. Vehicle Scrappage Scheme. The new vehicle you want to buy must be: A car or small van weighing up to 3,500kg. Confirming future increases in fuel duty.
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.
Economic uncertainty has likely given some consumers pause for thought as they assess the financial realities of buying a BEV. This is thanks to recent governmental incentives, with a scrappage scheme up for consideration as well. The fuel type was followed by the BEV option, then petrol, with the PHEV in last place.
It also puts forward the idea of further increases in fuel duty which could lead to petrol costing motorists £2 a litre within 11 years. 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.
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