BREAKING NEWS! BREAKING NEWS! A bill has been introduced in the U.S. House of Representatives would give consumers between $3,000.00 and $5,000.00 through 2011 by trading in older vehicles on more fuel/energy efficient transportation options.
The bill, written by Rep. Betty Sutton, D-Ohio, would give vouchers for buying new vehicles or using mass transportation in exchange for scrapping vehicles that are at least eight years old. The customer would have to purchase a 2009 model or newer and have better fuel economy than the vehicle being scrapped. In addition the vehicle purchased must have a fuel economy rating of 27 mpg on highways and light trucks would have to achieve a rating of 24 mpg.
This is the 3rd bill presented that deals with this subject this year. The proposal is supported by the Big 3 and the UAW, but the Alliance of Automobile Manufacturers (Import Association) does not support the bill as it has been written. It says that the bill offers unequal treatment of automakers, said Charles Territo.
The bill would provide a $3,000.00 voucher for using mass transit, up to $4,000.00 for buying vehicles assembled outside North America and up to $5,000.00 for buying vehicles assembled inside North America or any registered work vehicle. The Qualifying vehicles would require a suggested manufacturer's retail price of $35,000.00 or less.
Starting in 2011 model year, the bill as written would allow consumers to receive a $7,500.00 cash voucher for the purchase of a plug-in type electric hybrid vehicle that gets a minimum of 100 mpg.
Enjoy Today!
That Car Guy
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