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About: Scrappage program     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Whole100003553, within Data Space : dbpedia.org associated with source document(s)

Type: workyago:WikicatVehicleRetailersyago:Businessperson109882716yago:Capitalist109609232yago:CausalAgent100007347yago:Distributor110018861yago:LivingThing100004258yago:Merchant110309896yago:Object100002684yago:Organism100004475yago:Person100007846yago:PhysicalEntity100001930yago:YagoLegalActoryago:YagoLegalActorGeoyago:Retailer110525436yago:Supplier110677271yago:Whole100003553 New Facet based on Instances of this Class

A scrappage program is a government budget programme to promote the replacement of old vehicles with modern vehicles. Scrappage programmes generally have the dual aim of stimulating the automobile industry and removing inefficient, more polluting vehicles from the road. Many European countries have introduced large-scale scrappage programmes as an economic stimulus to increase market demand in the industrial sector during the global recession that began in 2008.