Spain and the Czech Republic have become the latest nations to offer car 'scrappage' incentives.
The Spanish government is offering €500 per car but wants the country’s autonomous regions to make an additional contribution. The Czech scheme has two levels, with incentives of €1150 and €2300 depending on the kind of new car being bought. Both schemes have minimum CO2 emissions criteria, but environmental groups have criticised them for being too weak.
A lack of regulatory certainty is preventing most projects from moving beyond just the planning stage
EU 2035 reversal won't make carmakers great again
Extending the sales of combustion engines would divert investment from EVs while China races further ahead
Some car execs suggest a return to the combustion engine will restore Europe’s competitiveness. They couldn't be more wrong.