There is a
bill making its way through the US House of Representatives that would provide credits of around four thousand dollars for people to turn in their older, less efficient vehicles for newer, less polluting versions.
The way the bill is currently worded, individuals could take their old (pre-2001) gas guzzlers to their local dealership and receive a voucher for three to five thousand off the purchase of a new car with a rating of at least 27mpg. The dealer must then destroy the old car and provide proof of destruction to the US Gov't to be reimbursed.
In theory, I like this.
Representative Betty Sutton from Ohio, a democrat, of course, seems to be on the right track. If this bill passes, we would cut pollution, possibly use less gas as a nation, people would be encouraged to go out and buy a new vehicles - hell, the
KBB on my car is only two thousand! - and that in turn could help some struggling car companies.
There are some effects that bother me about the bill. On a whole, how would this plan effect the supply of used cars on the market. I've never owned a new car - I've always bought used, from my '81 Honda Prelude to my '88 VW Fox and now my '92 Honda Accord. At any given point, my car has always been at least 10 years old. Also, my first two cars were bought for less than a thousand dollars. Would those cars remain on the market with this program?
Now, the bill itself has just been referred to committee, so who knows what it will look like if it ever makes it to the floor for a vote, but it will be interesting to watch.