Israel hopes to clear air and streets with cash-for-clunkers program
Germany did it. America did it. France is still doing it and now Israel is adopting its own version of the cash-for-clunkers program. Just in case 6.44 shekels per liter gasoline ($6.56 per gallon!) wasn't persuasive enough, the Environmental Protection Ministry has begun the first phase of a program that will pay Israelis to give up their old guzzlers. The government is ready to shell out 3,000 shekels ($807 at today's rate) for vehicles that are at least 20 years old with a valid registration license, drivable or not. It is hoped the scheme will remove thousands of unsafe and polluting vehicles from the roads over the next five years and provide materials for recyclers.
Although some people claim they hold on to their antiques because new cars are taxed at 83 percent of their purchase price, patient people will be able to take advantage of a reduced 10 percent rate for the electrics that companies such as Renault and BYD have said they will be bringing to that market. By the time they do arrive, Better Place should have a pretty good start on the impressive recharging infrastructure it has started to install.
[Source: Green Prophet / Israel Ministry of Environmental Protection | Image: Victor Bezrukov - C.C. License 2.0]
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models