Biden infrastructure plan proposes ‘Cash for Clunkers’-style rebate program. Would it work?

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President Joe Biden’s infrastructure proposal promises to give consumers point-of-sale rebates to buy American-made electric vehicles in order to help battery-powered cars become affordable for everybody.

The idea is modeled after a $392 billion plan released last year by Senate Majority Leader Chuck Schumer to provide drivers rebates to swap old gas guzzlers with zero-emission vehicles, in what would be a major expansion of the Obama administration’s $3 billion “Cash for Clunkers” program.

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