Interlinked Climate & Energy Challenges

$1 Billion Used On US Cash For Clunkers Program 2009

Jul 31st 2009
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2009July31: The $1 billion for the Cash for Clunkers program appears to have been spent.

2009July31: The $1 billion that the US Congress originally appropriated for the Cash for Clunkers program appears to have been spent (New York Times, 2009). The Cash for Clunkers program, which officially started on July 27, 2009, offers $3,500 to $4,500 to consumers who trade in a car that has a combined EPA-estimated fuel economy of 18 mpg or less, for a new, more fuel efficient vehicle (US News and World Report, 2009).

Reference: New York Times. 2009 http://www.nytimes.com/2009/08/01/business/01clunkers.html; US News and World Report. 2009 http://usnews.rankingsandreviews.com/cars-trucks/Cash-for-Clunkers/

Image Description: A recycling plant outside Galva, Illinois. Photo by blahedo, 2004Apr24. Image Location: Wikimedia Commons http://commons.wikimedia.org/wiki/File:Steel_recycling_bales.jpg Image Permission: This file is licensed under the Creative Commons Attribution ShareAlike 2.5 License. In short: you are free to share and make derivative works of the file under the conditions that you appropriately attribute it, and that you distribute it only under a license identical to this one.

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