All of you who were worried you might not get your check for $4,500 for trading in your inefficient car for a less inefficient car, your worries are over. Though the Cash for Clunkers program burned through it's cash faster than anyone thought it would (I mean, you'd almost think they were giving away free money) the program will survive thanks to emergency infusions now approved by both the House and Senate.
Already 220,000 clunkers have been traded for models that are required to be 10 mpg more efficient. Of course, I'm somewhat discouraged that we didn't wait for next year's crop of exciting green cars to come out before paying people to buy new cars, but the plug-in tax credit will, hopefully, be enough to move some plug-in vehicles off dealer lots next year.
written by Brett, August 10, 2009
written by Nexyoo, August 10, 2009
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