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Eco-Glossary

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)

Articles about Cash for Clunkers


Top 10 'cash for clunkers' trade-ins

Fri, Dec 11 2009 at 8:02 AM EST
 

Why Cash for Clunkers was like a methadone clinic

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.
 

Cash for Clunkers: The long goodbye

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.
 

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