Iran’s recent scrappage scheme has gained traction, with 328,000 vehicles dismantled since its launch in March 2024, exceeding the previous record of 321,000 in 2014. The initiative aims to modernize the vehicle fleet and enhance environmental sustainability, resulting in a reduction of 2.6 billion liters of fuel consumption, valued at $2.9 billion. Projections indicate that 340,000 vehicles will be scrapped by March 2025, potentially rising to 500,000 the following year. Around 90% of vehicle owners received cash compensation, while others received new vehicles, stimulating the local automotive industry amidst foreign sanctions. This program is crucial for economic growth and environmental improvement.