Energy Literacy Advocates recently published an informational paper objectively outlining the pros and cons of potential Cash for Clunkers legislation. To learn more please explore the following links, and view our handy legislation quick reference table below:
Potential 2009 Eligible Cars and Trucks
Legislation Quick Reference:
| Bill Number | HR 1550 | S 247 | HR520 |
| What vehicle model years would qualify for vouchers? | 2009, 2010, 2011 | Any model year after 2003 | Any model year after 2003 |
| Allowed maximum purchase price of vehicles? | $35,000 | $45,000 | $45,000 |
| Definition of an inefficient vehicle based upon fuel consumption | None given | 18 MPG or worse | 18 MPG or worse |
| Voucher available for vehicles assembled outside North America? | No | Yes | Yes |
| Largest voucher amount available | $5,000 for U.S. assembled vehicle with minimum highway fuel label of 30mpg | $5,500 for vehicle seven years or newer in manufacture, and achieves a fuel economy level is 50 percent greater than the fuel economy standard under section 32902 of title 49, United States Code, for the model year and compliance category of such automobile. | $5,500 for vehicle seven years or newer in manufacture, and achieves a fuel economy level is 50 percent greater than the fuel economy standard under section 32902 of title 49, United States Code, for the model year and compliance category of such automobile. |
| Length of voucher program | 2009 to December 31, 2010 | 4 year period beginning January 1, 2009 | 4 year period beginning January 1, 2009 |
For more information about our Cash for Clunkers paper, contact us today.
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