MADRID – The Spanish government implements the fifth edition of its Subsidies Program for Efficient Vehicles (PIVE) to encourage sales of new cars and light-commercial vehicles. The latest version offers €175 million ($239 million) in incentives for purchases of energy-efficient LVs and is meant to remove from Spanish roads about 175,000 vehicles comprising cars 10 years or older and light-commercials at least 7 years old. The four preceding versions of PIVE covered about 365,000 ...

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