
Cash for Clunkers
"Cash for Clunkers" is a program designed by the U.S. government, under which consumers can turn in cars or light-duty trucks that get less than 18 miles a gallon, in order to promote fuel efficiency. If consumers buy cars that have "window sticker" mileage ratings of at least four miles a gallon more than their old cars, they will receive a voucher worth $3,500. If they buy cars that get at least 10 miles a gallon more than their old car, they receive $4,500. The controversial program concluded Aug. 24, 2009, with rebate applications worth $2.877 billion submitted and nearly 700,000 "clunkers" taken off the road. (Source: NY Times, CARS.gov / Photo: Flickr)
Recent Stories
Fri, Dec 11 2009 at 8:02 AM EST
Mon, Aug 31 2009 at 5:19 AM EST
Cash for Clunkers tore through our nation like a drag racer, long before anybody could figure out if it made sense.
Fri, Aug 21 2009 at 4:15 PM EST
The program ends Monday night. Was it good for the car industry, good for America? I think so, but beware the warning signs.
Thu, Aug 20 2009 at 7:22 PM EST
With rebates coming slowly and uncertainty about how much money is left in the program, officials have decided to cut off claims after Aug. 24.
Tue, Aug 11 2009 at 3:07 AM EST
Car giant deflects environmental obligation through legal technicalities.











