- Jul 26, 2010
Australia launching 'Cash For Clunkers' modeled on U.S. program?
The mechanics of the program are largely the same as they were in the States, the new stipulation being that purchasers need to buy an "extra-efficient vehicle" like a Holden Cruze, Hyundai Getz or Toyota Camry Hybrid. The rebate is $AUS 2,000 – $1,790 Yankee bucks – and the program has been funded with $AUS 394 million (around $356M USD) and runs from January 1, 2011 until December 31, 2014.
[Source: The Australian]