The United States finally appears ready to implement a "Cash for Clunkers" program now that President Obama and the U.S. House of Representatives have come to an agreement on how the bill should be structured. It's not yet a done deal, though, as the legislation still needs to get through Congress.
Vehicle Scrappage Plan
The Environmental Transport Association in the United Kingdom is not pleased with the government's plan to launch a so-called Cash for Clunkers program. Automakers are generally fond of the proposals that would pay new car purchasers £2,000 for trading in their old rides for new cars. The stated goal is to get older, dirtier and less fuel efficient machines off the road in favor of models with the latest emissions controls.
Inspired by the success that Germany has seen in boosting new car sales (up by over 20% in that country), the Society of Motor Manufacturers and Traders in the United Kingdom drafted a plan and submitted it to lawmakers in the UK that recommended a car scrapping scheme similar to the one recently instituted by their European neighbors.