What is the vehicle scrappage scheme?



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         A vehicle scrappage scheme is a government program that provides incentives for consumers to trade in their old cars and buy newer, more efficient ones. The aim of a vehicle scrappage scheme is to stimulate the economy while putting more environmentally friendly cars on the road.

         A well-known example of a vehicle scrappage program is the U.S. government’s Car Allowance Rebate System, aka “cash for clunkers”.

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