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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (146847)	11/7/2014 5:12:29 PM
From: Wharf Rat	Respond to of 149317

Cash for Clunkers isn't sustainable cuz we'll run out of clunkers, which is the whole idea. Transportation Secretary Ray LaHood said the average mileage of new vehicles purchased through the program is 9.6 miles per gallon higher than for the vehicles traded in for scrap. Buyers of new cars and trucks that get 10 mpg better than their trade-ins get the $4,500 rebate. People whose cars get between 4 mpg and 10 mpg better fuel efficiency qualify for a smaller $3,500 rebate. LaHood said some 80 percent of the traded-in vehicles are pickups or SUVs, meaning many gas-guzzlers are being taken off the road. The Ford Focus is a leading replacement vehicle. General Motors Co., Chrysler Group LLC and Ford accounted for 47 percent of the new vehicles purchased. A 9 mpg gain translates into annual savings of 3.8 million barrels of oil per year and nearly $1,000 for consumers at the pump — not to mention that it will reduce carbon dioxide emissions by 660,000 metric tons a year. Okay, not a cost-effective emission reducer, but still, given the multiple benefits of the program, pretty darn good. Indeed, the environmental gain is even greater because the trade-ins are not resold to the public or shipped to the developing world — but recycled. thinkprogress.org