Economic Incentives

1 words in this vocabulary list

noun the act of discarding or destroying something, typically a vehicle, in order to replace it with a new one

  • The government announced a new scrappage scheme to incentivize people to trade in their old vehicles for more environmentally friendly options.
  • My neighbor took advantage of the scrappage program and got a good deal on a new car.
  • I heard there's a scrappage deal going on at the dealership, might be worth checking out.
  • She decided to do a 'scrappage' of her old wardrobe and donate all her clothes to charity.