A "scrappage scheme" is a program where a government or organization offers financial incentives to encourage people to trade in their old vehicles for newer, more environmentally friendly ones. Full definition
[89] Further measures worth # 5 billion — including training for the young unemployed and a car scrappage scheme which offered a # 2,000 subsidy for the purchase of a new car in exchange for the scrapping of a car more than 10 years old — were announced in the 2009 budget. (en.wikipedia.org)
Another day and another new vehicle scrappage scheme. (evo.co.uk)
Any new scrappage scheme, or low - interest loans aimed at getting drivers out of older cars, would also provide a boost for models with new small - capacity turbo petrol engines; Peugeot, Citroen and Renault have all recently launched such petrol engines. (autocar.co.uk)