Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Friday, July 31, 2009
Clunkers Program Runnning Out of Cash
The "cash for clunkers" program, officially labeled as the Car Allowance Rebate System (CARS), has almost run through available funds after only a week. The program was originally scheduled to run to November 1, 2009.
Several proposals, including reallocating energy program money already approved in the federal stimulus bill, are currently under consideration in the House.
The program created a jump in car sales, with dealers like AutoNation reporting a 36% rise in sales. Many dealers and buyers are waiting to see how the government resolves the funding situation.
To read more, click here.
Labels: automakers, cash for clunkers, u.s. energy policy
posted by Amanda Voss at 8:35 AM
1Comments:
Update: The House just approved an additional $2 billion in funding for the program! The Senate is scheduled to vote on this on Monday, August 3.
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