I think this is stupid move by the goverment wasting 10million just for 5000 car. Old car sometimes better than new car with 70+ defect. Old car can be repaired and change new parts and still run smoothly.
Don't create unnecessary law that burden the people. People have sentimental value for their old car.
Just use 10million of people money to repair road conditions and pothholes so that out car noy damage by those substandard road.