Cyprus Mail 14 May 2020 - by Evie Andreou
The transport ministry announced on Thursday it has been forced to suspend the car scrappage scheme due to the economic impact of the coronavirus on the state budget.
The scheme, which was to issue grants to those who scrap their old cars to buy new ones, or new electric ones, will be reassessed at a later stage based on the revised budget for 2020.
In anticipation of any further developments, the transport ministry said that it would not send letters of approval or rejection to those who have applied for the scheme in question.
The scheme, launched earlier this year, provided for a state grant of €2,000 for the withdrawal of an old car and the purchase of a new one energy efficient, and up to €7,000 for owners who scrap their old cars to purchase an electric one.
