1. the act or process of scrapping something, especially vehicles or machinery
2. a government program offering incentives to trade in old vehicles for new ones
Usage: often used in context of environmental or economic policy

Examples

• The scrappage of old cars helps reduce pollution.
• The government announced a new scrappage scheme to boost auto sales.
• Many factories faced scrappage of outdated equipment.
• The scrappage program offered cash incentives for trading in old vehicles.
• Environmental concerns led to the scrappage of the aging fleet.
• The scrappage rate increased during the economic downturn.