#1 |
This has been recently revived. Write your congresspeople. I don't think it will have the impact everyone says it will the way it is currently written:
CONGRESS REVIVES “CASH-FOR-CLUNKERS†PROPOSAL. Democrats in Congress have re-introÂduced the idea of offering government incentives to consumers who scrap older vehicles to buy new, more fuel-efficient models.
Such plans have been sweeping across Europe, where they are credited with boosting car sales in Germany last month by nearly 22%.
The U.S. legislation has the support of all three domesÂtic automakers and the United Auto Workers union. General Motors Corp. CEO Rick Wagoner told reporters yesterÂday that a cash-for-clunkers program could have a “huge impact†on auto sales. However, the proposal could face strong opposition from foreign OEMs and those opposed to additional spending programs.
The bill being drafted by Rep. Betty Sutton (D-Ohio) would offer vouchers for $3,000-$7,500 to owners of vehiÂcles at least eight years old. The old vehicles traded in would have to be crushed or recycled and replaced by more fuel-efficient models.
Only vehicles built in North America that cost less than $35,000 would be eligible for the program. To qualify, the new U.S.-made passenger cars also would have to achieve 27 mpg on the highway. The minimum highway mileage would be 30 mpg for cars built in Canada and Mexico and 24 mpg for all light trucks.
The size of the voucher would depend on the fuel economy of the vehicle purchased and where it was made. A $7,500 voucher would apply only to the purchase of vehiÂcles that attain at least 100 miles per gallon. That would appear to apply only to the Chevrolet Volt plug-in electric sedan GM plans to launch late next year.
An attempt in Congress earlier this year to pass a “clunkers for cash†bill fizzled when lawmakers could not agree on whether the program should subsidize the purchase of foreign-brand vehicles. Many cars built by foreign OEMs in North America would qualify for the new program. By some accounts, Toyota, Honda and domestic companies would be likely to benefit from that plan.
CONGRESS REVIVES “CASH-FOR-CLUNKERS†PROPOSAL. Democrats in Congress have re-introÂduced the idea of offering government incentives to consumers who scrap older vehicles to buy new, more fuel-efficient models.
Such plans have been sweeping across Europe, where they are credited with boosting car sales in Germany last month by nearly 22%.
The U.S. legislation has the support of all three domesÂtic automakers and the United Auto Workers union. General Motors Corp. CEO Rick Wagoner told reporters yesterÂday that a cash-for-clunkers program could have a “huge impact†on auto sales. However, the proposal could face strong opposition from foreign OEMs and those opposed to additional spending programs.
The bill being drafted by Rep. Betty Sutton (D-Ohio) would offer vouchers for $3,000-$7,500 to owners of vehiÂcles at least eight years old. The old vehicles traded in would have to be crushed or recycled and replaced by more fuel-efficient models.
Only vehicles built in North America that cost less than $35,000 would be eligible for the program. To qualify, the new U.S.-made passenger cars also would have to achieve 27 mpg on the highway. The minimum highway mileage would be 30 mpg for cars built in Canada and Mexico and 24 mpg for all light trucks.
The size of the voucher would depend on the fuel economy of the vehicle purchased and where it was made. A $7,500 voucher would apply only to the purchase of vehiÂcles that attain at least 100 miles per gallon. That would appear to apply only to the Chevrolet Volt plug-in electric sedan GM plans to launch late next year.
An attempt in Congress earlier this year to pass a “clunkers for cash†bill fizzled when lawmakers could not agree on whether the program should subsidize the purchase of foreign-brand vehicles. Many cars built by foreign OEMs in North America would qualify for the new program. By some accounts, Toyota, Honda and domestic companies would be likely to benefit from that plan.
Project 13 sec. / 30mpg in '88 TC 5Speed : 15.91@89mph / 32+ mpg
On The Car: KN cone, 2-stage Gillis@ 15psi wired to fuel switch, Kirban AFPR @ 39psi, Walbro 255 HP FP, 130A 3G Alt., Full 3" Stinger Exhaust incl. cat. no muffler,
Shelf: .48 T3, ported E6, BPV
On The Car: KN cone, 2-stage Gillis@ 15psi wired to fuel switch, Kirban AFPR @ 39psi, Walbro 255 HP FP, 130A 3G Alt., Full 3" Stinger Exhaust incl. cat. no muffler,
Shelf: .48 T3, ported E6, BPV