01/10/2012 Canary Islands/Spain (BG)-The Spanish government has introduced a new scrappage scheme aimed at encouraging motorists to buy a new car and prevent further damage being done to the environment by emissions. The scheme, titled “ Plan de Incentivos al Vehículo Eficiente shortly PIVE”, comes into effect today, October 1st.
Deputy Prime Minister Soraza de Santamaria revealed the aim was “to replace cars more than 12 years old and vans in excess of 10 years old with vehicles that consume less fuel and emit fewer pollutants”. Spain previously backed a scrappage scheme back in 2009.
From October 1st prospective car buyers can avail of a €2,000 grant when they purchase a new car. The cars must be registered with the "Diversificación y el Ahorro de Energia"(IDAE), have a Class A or B energy saving label (meaning they emit less than 160 grams of CO2 per kilometer) and must not cost more than €25,000.
If these conditions are met the buyer will receive €1,000 from the Spanish government and €1,000 from the manufacturer, as was the case with the previous scrappage scheme in 2009.