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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Incentives may also vary based on how well the car in question performs in these “green” categories. [8] For example, the buyer of a Tesla Roadster , a fully electric vehicle, will receive a much larger tax credit than the buyer of a standard hybrid, which will pollute much more during its lifespan. [ 9 ]
These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). [1] The amount of the financial incentives may depend on vehicle battery size or all-electric range. Often hybrid electric vehicles are included.
Kelly Blue Book says shopper looking at Toyota cars rose 44 percent this week versus last week. Toyota is hoping the incentives boost sales following a massive recall related to at least 34 deaths ...
Seeking to boost sales of Lexus brand vehicles, Toyota Motor (TM) reportedly plans to offer rebates of up to $3,000, as well as subsidized financing on certain models. At a gathering of Lexus ...
The beleaguered car maker is considering offering larger incentives and an extended warranty program to try and lure customers back following its largest recall You may benefit from Toyota's ...