With the scrappage scheme now officially closed the Government has revealed that the scheme has not only provided a huge boost to the industry but has also had a positive environmental impact too.
The figures show that in addition to accounting for 20% of all new car registrations, the average CO2 emissions of cars bought through the scheme was just 133 g/km which is 27% lower than the average scrapped car.
The scheme was designed to deliver a boost to the industry at a time when it needed it most, offering a £2,000 grant to scrap an old car in exchange for a new one. The Government claims that it has helped to create and maintain jobs in the industry and supply chain, while helping up to 400,000 customers to buy a new car through scrappage.
Lord Mandelson, Business Secretary said:
“The scheme was always time limited and today as it closes I am pleased to see scrappage has delivered the results we aimed for – not just for manufacturers, but for the whole industry and its supply chain. The figures show that this scheme gave vital support, boosting demand when the industry needed it most, helping to position the auto sector to meet the challenges of building a strong low carbon future.”
“I fully endorse the initiatives already taken by industry to offer new deals and additional savings to customers still interested in buying a new car.”