After March auto sales tanked due to the pandemic, Ford today became the first automaker to propose a government stimulus program for the auto industry. One approach would be a “Cash For Clunkers” program based on the 2009 stimulus measure.
In October, Senator Chuck Schumer (D-NY) proposed the very same thing: a plan to help vehicle sales by granting consumers as much as $5,000 to trade in a fuel-thirsty gas car for a low- or zero-emissions vehicle.
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