The government scrappage scheme has been extended through an extra allocation of €200,000.
Applications to Transport Malta will be processed on a first-come, first-served basis.
The aim is to encourage people to dispose of their old vehicles and to invest in new cars with lower emissions.
A total of 395 vehicle owners have already benefited from the original €300,000 allocated to the scheme.
They were entitled to a payment of between €500 and €900 upon the purchase of a new M1 vehicle while de-registering a vehicle in the same category.