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My question is what are they going to do with all the turned in gas burners that no ones going to want to buy after they are traded in?
This was a crush bill till SEMA got hold of it, I’m curious to how this is going to turn out.
On paper it sounds good here are some of the requirements for trade ins I have found.
The House bill, authored by Rep. Betty Sutton, D-Ohio, would authorize the administration to provide cash vouchers up to $4,500 to consumers who trade in older vehicles and lease or purchase a newer, more energy-efficient one. It would require the older vehicle to have a fuel economy of 18 miles per gallon or less and the newer vehicle to get at least 22 mpg. The voucher would be worth $3,500 if the newer vehicle achieved a four-mpg increase in fuel economy. If the mileage of the new car was at least 10 mpg higher than the older vehicle, the voucher would be worth $4,500.
The bill now moves to the Senate, where two different versions have been introduced.
California Democrat Dianne Feinstein is promoting one alternative proposal that requires tougher mileage limits on the trade-in program. Feinstein’s bill requires that the older vehicle must get 17 mpg or less, and that new passenger cars must achieve at least 24 mpg to be eligible for vouchers. To get the maximum $4,500 voucher, the new vehicle must achieve a minimum 13 mpg more than the old one.
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Flash Report: Cash for Clunkers Law 
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