Saturday March 28, 2020

Scrappage racked up €86m for government

The soon-to-end car scrappage scheme proved to be a lucrative venture for the state’s coffers, writes Patrick Butler

11th June, 2011

With just under three weeks left before the government scrappage scheme ends, the motor industry estimates that it has so far generated over €86 million in tax revenues for the government.

The Society of the Irish Motor Industry (Simi) has reported that 9,360 new cars have so far been bought this year under the scheme, bringing the total number of ‘‘scrappage’’ sales to 26,632.

Simi director general Alan Nolan said the estimate of...

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