ECONOMY

Vehicle withdrawal incentive to be extended to April 20

vehicle-withdrawal-incentive-to-be-extended-to-april-20

The government is considering an extension to the incentive by which owners of older vehicles take them off the road in exchange for a discount on the purchase of a new car.

The measure expired on December 20, but, according to sources, a legislative act will be issued on Wednesday or Thursday providing for its extension up to April 20.

The measure has contributed significantly to the renewal of cars on Greek roads in recent years.

Data from the Greek association of car traders and importers (SEAA) showed that recycling centers had received 71,894 cars in the year to December 6.