Irish Finance Minister Brian Lenihan has announced a cash-for-clunkers program for the Republic that will start next year. The plan, announced during the presentation of the 2010 budget, is set to help Irish motorists get rid of cars more than 10 years old with a €1,500 reduction in the Vehicle Registration Tax. The plan should boost car sales, which have dropped significantly the last couple of years, and renew the Irish motor fleet. Minister Lenihan also confirmed that an already-in-place reduction in the Vehicle Registration of €2,500 for
will be kept until the end of 2012. The 2010 budget also includes an all-new carbon tax of €15 per metric ton which will applied to all types of fuels.