Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education organization working to improve the energy literacy of all sectors of our democracy.

Cash for Clunkers Approved by Congress

The "Cash for Clunkers" legislation passed the Senate on Thursday afternoon, and is on its way to the President's desk to become law.

The policy overcame several barriers between Senate and House versions. The final bill maintains that qualifying "gas guzzlers" must get 18 miles per gallon or less, must have been owned and insured for more than one year by the current owner, and must have been built in 1984 or later.

To qualify for the full voucher amount of $4,500, the consumer must choose a new car that averages 10 miles per gallon better than the trade-in vehicle.

The Cash for Clunkers program will last one year, and is expected to cost $4 billion.

To read more, click here.

Labels: automakers, efficiency, u.s. energy policy

posted by Amanda Voss at 9:10 AM

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