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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk