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A number of EU member states have launched scrappage incentive schemes, which have the benefit of boosting consumer confidence and delivering significant environmental improvements. Scrappage schemes in other European countries include: Country. 1,500 to purchase a new car with Euro 4 as minimum engine specification.
According to the survey of 4,760 European consumers, 16% see themselves as potential first movers to buy or lease an electric vehicle, while 53% say they might be willing to consider it, and 31% say they are not likely to consider purchasing or leasing an EV. There is no doubt that electric vehicles are the future of the automotive industry.
In the 1990s, numerous countries both within and outside Europe launched vehicle scrappage schemes with multiple goals. Greece, Hungary, Denmark, Spain, France, Ireland, Norway, and Italy each implemented programs during this period, aimed at scrapping older cars to promote the purchase of newer, safer, and more efficient vehicles.
Assuming normal scrappage rates, EV Volumes forecasts it will take until 2042 for half the global fleet to be electric. Although Italy introduced a new incentive scheme in May 2024, the total funds dedicated to BEVs were fully depleted within a day. billion light vehicles on the road today. of all light-vehicle sales, down on the 21.3%
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