The government has today authorised PIVE5, the fifth edition of the PIVE plan which offers consumers cash if they trade in their clapped out old car for a new one. It should come into effect at once.
175 million euros will be spent to take 175,000 old cars off the road, with a maximum price of €25,000 (or €30,000 if they are for disabled drivers).
If you have a vehicle that’ s over 10 years old, and trade it in for a new one, you get €2,000 off the price.
Or, if you are a familia numerosa or disabled buying your primary vehicle, you get €3,000 off the price.
If you’re buying an electric car, the cash goes ontop of whatever else is available to con you into buying one.