Consumer Law

Is the Cash for Clunkers Program Being Suspended Right After It Began?

By Brian Wolfman

We reported here, here, and here about concerns with the CARS program, under which consumers can get credits for up to $4500 toward the purchase of new, more fuel-efficient vehicles when they scrap their older gas guzzlers. Regulations for the new program were just issued last week. But now the AP is reporting that the government may be about to shut down CARS because the $1 billion authorized by Congress for the program has already been (or will soon be) spent.

Full post as published by CL&P Blog on July 30, 2009 (boomark / email).