Creation of the Temporary Regimen for the Renovation of Automotive Vehicles in order to Promote Change to the Energy Matrix, Executive Decree No 213-2007-EF
This decree uses executive authority to regulate fuel efficiency of automobiles throughout Peru. It creates the 'Temporary Regimen for the Renovation of Diesel Gas Vehicles', otherwise known as Renovation, which has the objective of gradually replacing older diesel consuming cars and trucks with newer, more efficient models. In order to qualify for the plan, private citizens or organisations exchange a diesel vehicle with more than 10 years of age for a voucher that can be used to subsidise the purchase of a new, more efficient vehicle within 12 months. The value of the voucher is to be stipulated by the Ministry of energy and Mines and financed by the same in addition to the Ministry of Transport and Communication.