Proposed fleet scraping policy provides an incentive to replace 15-year old commercial vehicles with modern equivalents. Haulage firms and passenger transport firms should be happy, as old vehicles that contribute 65% to pollution have been barred from entering Delhi, and their replacements are in any case due. At proposed incentive of Rs 5 lakh on 28m vehicles, total cost is Rs14 lakh cr and gross sales for automobile sector is more than Rs 42 lakh cr!! Govt recovers its monies through excise duty, manufacturer's discount and scrap value. But what will this level of expenditure do to the economy and govt revenues is hard to imagine.
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- Up to date information: NITI Aayog has almost finalised the scheme. A note sent to Committee of Secretaries -- which has given green signal for commercial vehicles thus far. Union cabinet has cleared it for implementation.
REPLY Feb 16, 2018 - Voluntary scheme with incentive -- for old & polluting trucks, buses and other commercial vehicles. 3-pronged incentive can give 15% discount for buyer (Centre can only give its share of excise tax).
▬ recycling centre gives a certificate of value
▬ buyer uses certificate to get incentives such as discount from manufacturer, etc.
Currently commercial vehicles comprise 2.5% of total but 60% of pollution. New vehicles will reduce pollution by 25% and save 3.2B litres fuel per year.
REPLY Feb 16, 2018
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