On the 31st March 2010, the UK’s car scrappage scheme officially came to an end. It was active for eleven months, during which a maximum of 400,000 scrappage orders were available. However, it pretty much ran out of steam in 2010, with more than 25,000 scrappage orders unused when the scheme closed, despite February’s original closure date being extended to the end of March.
Scrappage does seem to have done something to help lower emissions, however. The average CO2 emission level of cars bought under the scrappage scheme was 132.9g/km – almost 10% lower than the average for all new cars bought in the UK and 27.1% lower than the average for the cars which were scrapped.
Of course, these lower emissions figures don’t take into account the CO2 emissions generated by the manufacture and delivery of all of these new cars, so it’s hard to work out whether there was an overall reduction in CO2 emissions or not…
Another possible question mark is over who benefited from the money. Many of the cars bought under the scrappage scheme were not made in the UK, and some weren’t even made in Europe. This makes you wonder just who benefited the most from the scheme, financially.
Did you buy a car under the scrappage scheme? What are your thoughts on it – should it have been restricted to cars made in the UK or Europe?
Leave a comment below and let me know – I’d love to hear what you think.