|Date Ended:||31 March 2011|
|Policy Type:||Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Transport>Vehicle type>Passenger vehicles|
|Funding:||CAD 92 million over four years|
The Government of Canada is committing USD 92 million over four years to support to Clean Air Foundation to deliver a national vehicle scrappage program that offers Canadians rewards for retiring their older, high polluting vehicles to reduce air pollution. Retire Your Ride is a voluntary initiative to encourage the accelerated retirement of older vehicles and, as such, operates without legislative authority. Incentives include public transit passes, membership in car-sharing programmes, discounts on the purchase of a bicycle, CAD 300 in cash. In addition, rebates can also be obtained on the purchase of a new vehicle. These rebates are to be provided voluntarily by manufacturers and dealers, encouraged to participate in the new programme. The programme will apply to personal vehicles (cars, pick-up trucks, minivans, or sport-utility vehicles) made in 1995 or earlier that are in running condition and has been registered and properly insured for the last six months. For more information, see the Clean Air Foundations website at www.retireyourride.ca.
Last modified: Mon, 04 Feb 2013 12:08:36 CET