Saturday, October 26, 2019

Schumer Announces Plan To Nix Virtually Every Gas Powered Vehicle In The Country

Democratic Sen. Chuck Schumer is preparing to spend hundreds of billions of taxpayer dollars on a plan that would fast-track the elimination of nearly every gas-powered vehicle in the country.

The senate's top Democrat wants to spend a massive amount of money enticing Americans to exchange their gas-guzzling vehicles for an electric car.

"That's why I am announcing a new proposal designed to rapidly phase out gas-powered vehicles and replace them with zero-emission, or 'clean,' vehicles like electric cars," Schumer wrote after suggesting scientists agree that climate change represents an imminent threat to the U.S. He added: "The goal of the plan, which also aims to spur a transformation in American manufacturing, is that by 2040 all vehicles on the road should be clean." The plan would remove more than 63 million gas-powered cars from the road by 2030, Schumer estimates.

The Washington Post referred to the idea on Friday as "Essentially 'Cash for Clunkers' on steroids," referring to a policy from the Obama-era encouraging Americans to trade their old vehicles for fuel-efficient cars.

Cash for Clunkers was the mechanism allowing the federal government to offer incentives of between $2,500 and $4,500 to citizens who traded in their older vehicles for newer ones.

Under Schumer's plan, car owners will get a rebate starting at $3,000 if they trade in their car for an electric vehicle, with the amount of rebate going up the longer the vehicle goes without recharging.

The plan, which does not have legislative text, would also provide $17 billion to grant programs to build new factories for electric vehicles.


https://thepoliticalinsider.com/schumer-announces-plan-to-nix-virtually-every-gas-powered-vehicle-in-the-country/

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