Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

With payments of up to $4,500 for motorists willing to swap their ageing gas guzzling vehicles for more fuel efficient ones, it seemed like a ‘can’t lose’ scheme with consumers getting cheaper cars, the automotive industry enjoying more sales and the environment boosted by a reduction in harmful emissions. 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