With the high turnout of the car scrapping initiative, the government approved a number of new incentives in this initiative, and we publish the most prominent of these financial incentives, as well as information about the scrapping file.
– Increase the incentive rate for private cars to be 10% of the new car price
Increasing the maximum incentive for owners from 12 to 22 thousand pounds.
– Determine the incentive rate for the taxi at 20%, up to a maximum of 45 thousand pounds.
The microbus has an incentive rate of 25%, with a maximum of 65,000 pounds.
The scrapping initiative targets cars that have been manufactured for more than 20 years.
Support for buying the new car at the initiative, with an interest rate of 3%.
Paying the installments for the new car in the initiative over 7 to 10 years.
The car scrapping initiative aims to exit the fleet of cars that have passed the history of 20 years of manufacture, and it is intended to replace and renew 70 thousand cars this year, by 55 thousand taxis and owners and 15 thousand microbuses.
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