Chuck Schumer proposes $462 billion car swap - gas for electric
WASHINGTON (AP) ‐ Senate Minority Leader Chuck Schumer is moving Democrats’ climate talk to where the rubber meets the road, proposing a $462 billion trade-in program to get millions of Americans out of climate-damaging gas vehicles and into electric or hybrid cars over the next decade.
Schumer’s rebate proposal late Thursday joins a mix of trillion- and multitrillion-dollar programs that Democratic presidential candidates have outlined to urgently cut oil, gas and coal emissions, as climate change weighs as an issue in the 2020 campaigns.
Schumer said the "proposal to bring clean cars to all of America" would be a key part of climate legislation by Senate Democrats. The injection of government-supported spending for electric cars "could position the U.S. to lead the world in clean auto manufacturing," he said.
The New York Democrat’s plan would give American car buyers thousands of dollars each to trade in gas-burning cars for U.S.-assembled electric, hybrid or hydrogen cell cars. Lower-income households, and buyers of cars with American-made parts, would get extra credits.
About $45 billion would go to boost availability of charging stations and other electric car infrastructure. And $17 billion would help automakers increase their production of electric cars, batteries and parts.
Posted by: Besoeker 2019-10-25