The cash for clunkers bill was passed recently. The cash for clunkers program was designed with the motive of increasing the sales of the automobile and making it more environments friendly and protecting the ozone layer. This was a great deal for everyone the Americans, the auto makers and the government as it was designed for the betterment of all.
The cash for clunkers bill provides 1$ billion cash for clunkers. According to the cash for clunkers bill, it provides government with incentives worth $3,500 to $4,500 to the car buyers who deal in old gas guzzlers for making more fuel efficient vehicles. The cash for clunkers bill will provide benefit to the consumers who buy trucks, more fuel efficient.
According to the cash for clunkers bill, it would provide rebate to the customers from $3500 to $4500. The cash for clunkers bill also says that the vehicle in which you trade must be younger than 25 years of age. The clunker must be registered and must get 18 MPG or less than that.
The cash for clunkers bill gave NHTSA, the authority to come up with the car rebate system. The rules and regulations for entering into this rebate system are available on official website of NHTSA. It is also seen that the best way to do well in this is to trade in old SUVs as compared to cars like Toyota Prius, Nissan Versa, Saturn Astra, Toyota Yaris etc. The cash for clunkers bill also says that the cars built in US will get higher incentives.
But, the research shows that before the bill got finalized, the polls showed that 68% of the drivers were not interested in going for this scheme. This 68% of the drivers formed the major part and it clearly shows that they were not interested in participating in cash for clunkers bill. It was only 28% of the people who showed great interest in the cash for clunkers bill.
Once the cash for clunkers bill gets signed from B. Obama, it is expected to
increase the car sales by 222,000 to 286,000 . The
cash for clunkers bill will be a positive step for steel industries. The cash for clunkers will also offer cash vouchers worth $4500 to the consumers who will trade in old cars for new ones, more fuel efficient.
As a result of the
cash for counters bill, it will improve quality of atmosphere, protect the ozone layer and also reduce dependence for foreign oil.
