Extended Grant Scheme on the Purchase of New Environment-Friendly Vehicles Taken Up
The scrappage scheme, originally announced in the 2014 budget and then extended on 17th April 2015, has been taken up completely. A total of 892 vehicles benefitted from the €700,000 grant allocated by the Government for this scheme. The successful initiative was planned to encourage people to dispose of their old vehicles and to invest in new cars with lower emissions.
Vehicle owners who applied for the scheme were entitled to a grant of between €700 and €900 upon the purchase of a new M1 motor vehicle (used for the carriage of persons and which may carry no more than eight passengers in addition to the driver, the CO2 emissions of which do not exceed 130g/km and its length does not exceed 4460mm, and is licensed for private use only) that qualifies for the grant scheme whilst at the same time de-registering a vehicle in the same category.