SCRAPPAGE Meaning and
Definition
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Scrappage is a term used to describe a government or industry program that offers incentives or subsidies to encourage the disposal and replacement of old or inefficient vehicles, typically automobiles. This initiative aims to reduce air pollution, improve fuel efficiency, and promote the use of newer, more eco-friendly vehicles. The program typically constitutes a financial grant or rebate that is provided to individuals who voluntarily trade in their old vehicles for newer models that meet or exceed certain environmental standards.
The objective of scrappage programs is to improve the overall environmental impact of the transportation sector by encouraging the retirement of vehicles that contribute significantly to pollution and are less fuel-efficient. By providing monetary incentives, the program encourages individuals to replace their older vehicles which are often associated with higher carbon emissions and pollution levels, with newer models that conform to stricter emission standards.
Scrappage programs are often administered for a limited period and may have specific eligibility criteria, such as the age and condition of the vehicle being traded in. The financial support granted through these programs assists buyers in offsetting the costs of purchasing a new vehicle, making it a more affordable and attractive option.
In conclusion, scrappage is a policy or program that promotes the replacement of older vehicles with newer, more environmentally friendly models by offering incentives or subsidies to individuals who participate. It aims to reduce pollution, enhance fuel efficiency, and drive the adoption of greener transportation options.
Etymology of SCRAPPAGE
The word "scrappage" is derived from the verb "scrap", which dates back to the 16th century. Originally, "scrap" meant to tear or cut something into small pieces. Over time, the term evolved to refer to small leftover pieces of material, particularly metal. The suffix "-age" is added to indicate a collective action or a process. Therefore, "scrappage" specifically refers to the act or process of scrapping, or disposing of something as scrap, usually in the context of used vehicles being traded in for newer models. The term gained popularity in the late 20th century with the introduction of various scrappage programs aimed at encouraging the replacement of older, less efficient vehicles with newer, more environmentally friendly ones.
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