Friday, July 24, 2009

Car scrappage scheme

The US government has unveiled details of its car scrappage scheme, aimed at persuading owners of "gas-guzzling" cars to exchange them for greener ones.

The $1bn programme, which runs until 1 November, offers vouchers worth up to $4,500 for people scrapping vehicles that do fewer than 18 miles per gallon.

They must buy a new car with a rating of at least 22 mpg or a light truck that manages at least 18 mpg.

View the entire story here.