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Rest In Peace, old friend, your work is finished.....
If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....
This is a fairly HIGH VOLUME ping list on some days.....
Posted on 01/15/2009 5:32:50 AM PST by Red Badger
A measure introduced by US Senators Dianne Feinstein (D-CA), Susan Collins (R-ME), and Charles Schumer (D-NY) would establish a national voucher program to encourage drivers to trade in older, less fuel efficient cars, trucks or SUVs for a more fuel-efficient vehicles or to use mass transit. Companion legislation was also introduced in the House by Representatives Steve Israel (D-NY), Jay Inslee (D-WA), Barbara Lee (D-CA), and Dennis Moore (D-KS).
The Accelerated Retirement of Inefficient Vehicles Retirement Act of 2009 (ARIVA)—also called the “Cash for Clunkers” program—would reimburse drivers with a credit of up to $4,500 for scrapping vehicles with a when-new fuel economy rating of less than 18 mpg US as reported by the original manufacturer for purposes of CAFE compliance. (CAFE compliance figures are lower than the adjusted EPA fuel economy ratings for consumers.)
Eligible drivers would receive a reimbursement voucher for the purchase of a new or used vehicle with a fuel economy rating that exceeds the CAFE target for that class of vehicle by at least 25%. The bill also requires that the voucher be used towards the purchase of a vehicle that has an MSRP of less than $45,000, is model year 2004 or later, and meets or exceeds federal emissions standards. Drivers who apply for the program must ensure that their vehicles are in driveable condition and are currently registered in the US.
Vouchers could also be redeemed for transit fares for participating local public transportation agencies. The program would operate for four years, from 2000-2012, and is expected to encourage the early retirement of up to one million vehicles per year. [SNIP] See linked article for price chart
In each subsequent year (2010, 2011, and 2012), the model years would be advanced by one year. Vouchers would be eligible for redemption for up to two years after the date of issuance, and no individual would be eligible to obtain more than one voucher in any three-year period. Dealers, dismantlers and scrap recycling facilities would also be eligible for a payment of $50 per vehicle, or an alternative amount to be specified by the Department of Energy.
Last Congress, we successfully enacted legislation...to improve the fuel efficiency of America’s fleet of new cars, trucks and SUVs by at least 10 miles per gallon over 10 years. But we face real challenges with trying to encourage drivers to trade in their older, less fuel efficient vehicles—particularly in this tough economic climate. This bill will help address that problem...If enacted, this bill would be an important part of helping getting America’s struggling automobile industry back on its feet—and help consumers who are concerned about covering the cost of buying a more fuel efficient vehicle. —Senator Feinstein
If implemented,the program would, as estimated by the American Council for an Energy-Efficient Economy (ACEEE):
*
Save between 40,000 to 80,000 barrels per day of motor fuel by the end of the fourth year, (based on an estimated 500,000 to 1,000,000 vouchers issued per year). *
Reduce greenhouse gas emissions between 6.6 million metric tons to 7.6 million metric tons, or the equivalent of removing 1.1 million to 2.2 million vehicles from the road in one year, (based on an estimated 500,000 to 1,000,000 vouchers issued per year). *
Reduce NOx by 3,043 short tons (2,761 metric tons) by 2013, (based on an estimated 500,000 to 1,000,000 vouchers issued per year).
While participation in the voluntary program is hard to gauge, ACEEE said, its preliminary estimates are that 575,000 vehicles would be retired annually, and that fuel savings would reach 46,000 barrels per day by 2013.
Resources
*
ACEEE white paper on accelerated vehicle retirement
Rest In Peace, old friend, your work is finished.....
If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....
This is a fairly HIGH VOLUME ping list on some days.....
So, I buy an old clunker for $1000, trade it in and get $4500?..............We gonna be sooooo rich!................
Great. More welfare for the automakers. Is this a great country, or what?
What would I be able to get on, say EBay, for the ears of one of these mentioned?
Any bidders out here?
It ain't cash brother. It's the new money called govt. scrip. Only govt. approved dealers will be able to give you credit. Otherwise it's just a piece of paper with Pelosi's pic on it.
Dang!
They’ve got to be in driveable condition!
Somehow I just knew I would not be able to get away with the plan that was forming in my head...
>> So, I buy an old clunker for $1000, trade it in and get $4500?
It’s gonna be fun to see the “law of unintended consequences” operate on this one!
I predict:
* New car prices will rise by, oh, let’s say, $4500...
* The unbroken caravan of used cars down I-35 to Mexico will slow... then stop... then reverse...
&etc
Just losing their ears don't get 'em out of office. You gotta think of something more... permanent.
In a way, yes. However, it is a far larger welfare program for the rubes who voted for Obama.
Time to go buy a junker to sell to the government.
It seems the devil is in the details. I’ll bet that any vehicle class other than Prius-wannabees are struggling just to meet the CAFE standard for that class. So I want to trade in my 3/4 ton that gets 12 mpg for a newer 3/4 ton. Theones I have looked at all rate around 13 mpg. So to qualify I would have to get one that does 16 or 17 mpg? Maybe if I traded down to a 4 cylinder.
I have a ‘95 Jetta that gets 32mpg. How can I upgrade from there? The new Jetta’s only get 35mpg, I think.
My thoughts almost. I drive a ‘85 3/4 ton Dodge van I gave $500 for 2 years ago.
“While participation in the voluntary program is hard to gauge”
It’s not hard for me to gauge. It is NOT financially feasible for me to purchase a new vehicle given the present economy and the overwhelming corruption and stupidity of Congress.
I’ll keep the “clunker.”
(So what will Congress do then? Force the banks to lend money to all of us who cannot afford a new vehicle? [sarc])
Of course, that was only one ear, but it was a foregone conclusion that the coyote wouldn't be bothering the flock again.
“Only govt. approved dealers will be able to give you credit. “
Bailout city.
The ears are worthless, they don't use them anyway. You want something valuable, get tongues.
If every vehicle on the road today were to get replaced with "environmentally-friendly" vehicles -- what, exactly, will be done with the 250 million "old" vehicles currently on the road? They have to be put somewhere or disposed of; the cars contain fuels and other fluids that they don't want released into the environment; each one takes up a lot of physical space; re-selling to the third world simply shifts the problem elsewhere; etc.
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