MADRID – Responding to pressure from auto makers, the Spanish government offers a third round of incentives for new-car purchases linked to the disposal of older, less-efficient vehicles. The Efficient Vehicle Incentive Program (PIVE) that took effect July 29 is funded with €70 million ($92.7 million) from the government and a matching amount from auto makers. It offers rebates of €2,000 ($2,650) or more for purchases of new cars accompanied by the scrappage of a ...
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