Filed under: Legislation and Policy, European Union
Is your car more than 15 years old? If so, and you're in Spain, you might be in luck. The Spanish Government thinks that such a vehicle is a very polluting machine and is eager to help you purchasing a cleaner car. The plan is called VIVE (Vehículo Innovador - Vehículo Ecológico or Innvative Vehicle - Ecological Vehicle). To be eligible, your new car shouldn't cost more than €20,000 and should not emit more than 120 g/km of CO2, or 140 g/km if it includes special security features. The government's financial aid is a zero percent interest loan for the first €5,000 of the final price of the car. However, the plan is limited to 120,000 cars in two years, and should never exceed €1,200 million in total. Through this plan, the Government expects to reduce Spain's carbon emissions by 200,000 metric tons and reduce the accident rates (some of the highest in Europe).
[Source: El País]
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