topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2117.66 -0.08
DAX 6323.19 -0.26
IBEX 30 6401.2 -2.17
CAC 40 3042.97 -0.16
FTSE 100 5356.34 0.09
AEX 292.76 0.00
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13057.26 -0.74
TSX Composite 11566.15 -0.09
ASX 4118.3 -0.05
Hang seng 18800.99 0.47
Straits Times 2780.37 -0.25
ISEQ 20 501.76 0.16
You are here: Home News Dutch News Netherlands to introduce car trade-in bonus

Dutch News

archive
Enlarge font Decrease font Text size


04/04/2009Netherlands to introduce car trade-in bonus

The Netherlands will introduce a car trade-in bonus of possibly up to EUR 1,750 by mid-2009 to help boost sales of new cars and the economy, as well as to cut pollution, the environment ministry said Friday.

THE HAGUE - "This decision was mainly taken to help the environment but also to stimulate the auto market," ministry spokesman Jaap Eikelboom told AFP, adding that agreement had been reached with the industry earlier in the day.

The announcement came as a spokesman for German Chancellor Angela Merkel said her government must still decide if it will prolong its own popular EUR 2,500 wreckage premium at its current value.

Goldman Sachs analyst Dirk Schumacher said "the government is getting cold feet now about the fiscal consequences" and the business daily Handelsblatt said the government had agreed on a new bonus of EUR 1,250.

Germany's "cash for clunkers" scheme, as one newspaper put it, is worth around USD 3,300 and was expected to be extended to the end of the year, but "no decision has been taken yet", spokesman Thomas Steg told a news conference.

In the Netherlands the government earmarked 65 million euros, with the auto industry chipping in 30 million euros.

Eikelboom expected a total 100,000 vehicles to benefit from the scheme.

A bonus of EUR 750, 1,000 or 1,750 would be granted for cars or vans with an age of no less than nine years but still running properly to avoid owners cashing in on junk cars.

"People will have to buy a new or second-hand car made after January 1, 2001, which will be less polluting," said Eikelboom.

The bonus is to be paid from May or June and until the end of next year, unless budget funds have been used up earlier.

Apart from Germany, car scrapping bonuses have also been introduced by Austria, France and Italy to help the auto industry as part of broader economic stimulus package.

AFP/Expatica


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Discussion Forums

Americans in the Netherlands

reporting birth abroad

Relocating to the Netherlands

Taxation on Rental Apartments!

Housing in the Netherlands

Taxation on Rental Appartments?

Discuss Dutch Culture

High-quality fake passports, driver's licenses, ID

English in the Netherlands

Moved to Hengelo

participate in the forums

Inside Expatica
Setting up home in the Netherlands

Setting up home in the Netherlands

A guide to telephone, internet and television along with utility services water, electricity and gas in the Netherlands.

Dutch immigration and residency regulations

Dutch immigration and residency regulations

Lost in the Dutch immigration system? Look no further than this guide compiled for our Survival Guide 2012.

A brief introduction to the Netherlands

A brief introduction to the Netherlands

Expatica offers a whistle-stop tour of life in the modern Netherlands.

Giving birth in the Netherlands

Giving birth in the Netherlands

The challenges and benefits of the maternity system in the Netherlands and how it differs to other countries.