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President Obama signed into law on June 24 a program the National Highway Traffic Safety Administration is calling the Car Allowance Rebate System, or CARS (cute, eh?). This is a government program that helps a motorist purchase a new and more fuel efficient vehicle when he or she trades in a less fuel efficient vehicle.


According to the CARS Website, "while the CARS Act makes transactions on and after July 1 potentially eligible for credits under the program, interested dealers and consumers may want to wait until all of the detailed issues that must be addressed in the implementing regulations are resolved and the final rule is issued. Issuance will occur around July 23."


See the Frequently Asked Questions portion of the official site for more details. What appears below are the nuts and bolts of the program to help the completely uninformed get up to speed.

Tags: Emissions, Fuel Economy, Legislation, Tax Incentives, CARS, Cash for Clunkers, Climate Change, Emissions, Fuel Economy, Global Warming, President Obama

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Cash-for-Clunkers Program Officially Starts 'Around July 23' was originally published by Green Car Advisor. Read the full story by clicking here.