UK may get £2,000 car scrapping scheme, partially funded by automakers
According to the Financial Times, automakers may be asked to provide half of the £2,000 that will be offered to consumers to turn in vehicles that are at least nine years old. It's not yet clear what vehicles would qualify for the subsidy, as 80 percent of all new cars sold in the UK are from foreign automakers.
Here in the United States, a "Cash for Clunkers" plan is currently being reviewed in Congress that would offer up to $5,000 to exchange a vehicle at least eight years old for a new, more fuel efficient model.
[Source: Detroit News, Financial Times]
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