Cash for Clunkers program

E335788

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
United States Department of Transportation
surface form: U.S. Department of Transportation
approximateNumberOfNewVehiclesSold about 700,000
approximateNumberOfVehiclesTraded about 700,000
authorizedBudget $3 billion
context 2008 United States housing and financial crisis
surface form: Great Recession
country United States of America
surface form: 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 United States government
surface form: federal government of the United States
legislativeAct Consumer Assistance to Recycle and Save Act of 2009
maximumRebateAmount $4,500
minimumRebateAmount $3,500
officialName Cash for Clunkers program self-linksurface differs
surface form: 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 Cash for Clunkers program self-linksurface differs
this entity surface form: Car Allowance Rebate System
Brown ministry implementedPolicy Cash for Clunkers program
this entity surface form: Car scrappage scheme (UK)