Thursday February 20, 2020

Scrappage set for the scrapheap

Time is nearly up for the scrappage scheme. Ferdia O’Dowd looks at the options for last-minute buyers

11th June, 2011

The motor industry is a major employer in Europe, particularly in countries with a large manufacturing base, such as Germany, France and Britain.

When the economic slump came, these same governments were anxious to do all they could to support car production and retain employment. Many introduced incentive schemes, enticing buyers to purchase vehicles by giving tax rebates or bonuses.

As the motor industry is also a major tax-gatherer for exchequers, even countries with no...

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