Cash for Clunkers program

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The Cash for Clunkers program was a U.S. federal initiative that offered financial incentives for trading in older, less fuel-efficient vehicles for new, more efficient ones to stimulate the auto industry and reduce emissions.

All labels observed (3)

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf U.S. federal program ⓘ
vehicle scrappage program ⓘ
administeredBy National Highway Traffic Safety Administration ⓘ
U.S. Department of Transportation ⓘ
approximateNumberOfNewVehiclesSold about 700,000 ⓘ
approximateNumberOfVehiclesTraded about 700,000 ⓘ
authorizedBudget $3 billion ⓘ
context Great Recession ⓘ
country United States ⓘ
criticizedFor high cost per ton of emissions reduced ⓘ
limited long-term environmental benefits ⓘ
potentially pulling forward future auto sales ⓘ
economicGoal support auto dealers ⓘ
support auto manufacturers ⓘ
support auto parts suppliers ⓘ
eligibilityCriterion new vehicle had to meet specified fuel economy standards ⓘ
trade-in vehicle had to be continuously insured and registered ⓘ
trade-in vehicle had to be drivable ⓘ
trade-in vehicle had to be less fuel-efficient ⓘ
enactedUnder American Recovery and Reinvestment Act era policies ⓘ
endTime 2009-08 ⓘ
environmentalGoal improve average fuel economy of U.S. vehicle fleet ⓘ
reduce tailpipe emissions ⓘ
fundingIncreasedTo $3 billion ⓘ
implementedDuringAdministrationOf Barack Obama ⓘ
incentiveType federal voucher ⓘ
rebate ⓘ
initialFunding $1 billion ⓘ
jurisdiction federal government of the United States ⓘ
legislativeAct Consumer Assistance to Recycle and Save Act of 2009 ⓘ
maximumRebateAmount $4,500 ⓘ
minimumRebateAmount $3,500 ⓘ
officialName Car Allowance Rebate System ⓘ
policyArea economic stimulus policy ⓘ
environmental policy ⓘ
transportation policy ⓘ
praisedFor boosting auto sales during the Great Recession ⓘ
removing many older, inefficient vehicles from the road ⓘ
temporarily increasing auto production ⓘ
primaryGoal increase new vehicle sales ⓘ
reduce fuel consumption ⓘ
reduce greenhouse gas emissions from vehicles ⓘ
remove older, less fuel-efficient vehicles from the road ⓘ
stimulate the U.S. auto industry ⓘ
relatedConcept economic stimulus program ⓘ
fuel economy standards ⓘ
vehicle scrappage incentive ⓘ
shortName CARS ⓘ
startTime 2009-07 ⓘ
timePeriod summer 2009 ⓘ
tradeInRequirement older vehicle had to be scrapped ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

111th United States Congress → passes → Cash for Clunkers program ⓘ
Cash for Clunkers program → officialName → Car Allowance Rebate System ⓘ
linked to: Cash for Clunkers program
Brown ministry → implementedPolicy → Car scrappage scheme (UK) ⓘ
linked to: Cash for Clunkers program