The law as it was signed will give the power to decide which vehicles will be eligible for the program to the dealers. The dealers will also be in charge of scrapping the older vehicles, which must be less than 25 years old to be eligible for federal funds.

Their are some details left to work out. Accountability for the dealer to ensure the trade in is scrapped and not resold. The trade in must meet a fuel efficiency improvement goal that is set in real numbers. You can not trade in a car that gets 26MPG for one that gets 32MPG and receive the incentive. The improvement for a car must meet or exceed 10MPG. Trucks have a 5MPG improvement goal. The incentive is not to exceed $4500.

Although this happened on June 26th, I thought I should pop it in here since I shared information on 3 cars in just a few days.