The Transport Ministry announced the Vehicle Scrappage policy, after the move for a green tax on ageing and polluting automobiles. The recently announced vehicle scrappage scheme is likely to usher in significant change in the Indian automobile industry and is expected to generate demand for new vehicles, especially commercial vehicles.
This step promises economic benefits, a cleaner environment, and thousands of jobs.
Vehicles belonging to the government and the public sector will be scrapped by April 1, 2022. It will require another year to identify junk heavy commercial vehicles through compulsory fitness checks and other vehicles by 2024.
Vehicle scrappage and replacement are viewed internationally as a path to revive COVID-19-affected economies by favouring green technologies, notably electric vehicles (EVs). It is an initiative to achieve net zero emissions by mid-century under Paris Agreement commitments.
Though the policy have the most significant benefits, it also have some Challenges to enforcement to get the vehicles scrapped once they are found unfit for use and to stop them from moving to smaller towns.
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