According to the Detroit News a cash-for-clunkers program is coming to America. From the sounds of it the program applies to vehicles getting 18 mpg or less. The real strange part is that to qualify for the incentive you need to only buy a new vehicle that has a 2 mpg improvement on what you already have. HybridCarBlog outlines briefly how the program is designed.
I don't really have much to say about this program because it makes so little sense that I don't know what to say. Overall, it looks like another corporate welfare scheme where current SUV owners can trade in for a new SUV. Coincidentally, SUV sales are where automakers made their profits. Any bets on gas prices this summer?
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