Government officials in the United Kingdom are widely expected to launch a vehicle scrapping scheme modeled after the successful German program, which has boosted sales in Europe's largest market by over 20 percent in each of the two months it's been available. Details of the UK program are still sketchy, with some outlets like the Times of London and the BBC suggesting that the scrapping scheme will be included in the government's April 22nd budget. The Telegraph, however, reports that the program has been rejected.

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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