Same thought occured to me....
Whats to stop peole doing this??
You have had to be the owner (as named on the V5) for 12 months before you're eligible.
So why's it all bow-locks?
1 - Half of the 2K for a new (non electric) car is paid for by the manufacturers. They are already paying a stack of cash under EU law for each car sold to cover scrapping. To cover all of this financial b*mf**king, they will put up prices.
2 - When you buy a new car, you have to pay a load of cash up front to cover 'new car' VED.
Doesn't leave much of an incentive out of the 2K does it?
3 - If I buy new cars, it's usually on a PCP. The longest I can have it on the PCP is 5-7 years so when I chop it in I don't qualify for the 2K.
4 - If I buy older cars, 2K is not going to persuade me to buy something a helluva lot more expensive.
5 - A lot of Mercs, BMWs etc etc will never be chopped in under this scheme anyway.
6 - 5K off an electric car. Whoopee! The average cost of an electric car is 2-3 times that of a petrol / diesel equivalent.
7 - Buying an electric car salves your green conscience. Not really. If you bought one now, chances are you'll use electrickery mostly derived from fossil fuels which have emitted CO2 as they got burned. Now given all the losses in generating and transmission, there is a lot of energy lost between burning the fuel and car motion. Putting petrol / diesel / LPG in a car has a shorter path so it is more efficient. So for each kg of CO2 emitted, it could be argued a petrol / diesel / LPG car gives more miles.
8 - And as for the environmental impact of making all those new cars, particularly all of the lethal chemicals / metals used in making batteries.....
It's all bunk. Really. :JOEL: