NEW DELHI: The government expects at least 25 lakh vehicles, excluding two-wheelers, to go off the roads once it announces its scrapping policy for vehicles older than 15 years.
Sources in the road transport ministry said the policy would be voluntary to begin with and the government would come out with incentives to encourage people to replace their old cars with new ones. The detailed proposal on scrapping is likely to be sent to the finance ministry in the next fortnight.
According to government data, at least one crore vehicles registered between 1990 and 2000 would qualify for the scrapping but the actual number phased out would depend on people’s participation. The government estimates that a minimum 25% of such vehicle owners would prefer to replace their old vehicles.
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