Cash for Clunkers Program Kicks In. ABC News, July 24, 2009. "Americans [received] a new incentive to trade-in their gas-guzzling cars on Friday when a government rebate program that offers cash vouchers to people who trade in their cars for new fuel-efficient vehicles officially started. The Car Allowance Rebate System, informally called 'Cash for Clunkers,' was passed by Congress in June to help jump-start struggling auto sales and to improve the environment. But some critics say the program may be economically and even environmentally counter-productive. It will be administered by the National Highway Traffic Safety Administration through participating new car dealers who can handle the paperwork when you buy the vehicle. Information about the program is available at www.cars.gov." Check Sierra Club Cash for Clunkers Calculator.
2009-07-28
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