Vehicle Scrappage Policy

 Why is public transport not good enough to make private vehicle ownership unnecessary?

If the goal is to protect environment from automobile pollution, improve road safety, and end economic disparities in the society, then vehicle scrappage policy is not likely to deliver on these tall promises. Rather such a policy could be counter-productive if we look closely at the aforementioned goals. Such a policy is another example of promoting market-based solutions to benefit[Read More...]