Gallery: Russia to Launch its own “Cash for Clunkers” Program

cars, america, us car fleet, drop in ownership, alternative transportation

In the wake of the United State’s recently terminated Car Allowance Rebate System, Russia has announced that it will be implementing a “Cash for Clunkers” program of its own early next year. The plan aims to encourage domestic vehicle sales while emphasizing the environmental benefits of purchasing more energy-efficient vehicles by offering 50,000 rubles (approximately $1,500) for the trade-in of vehicles that are more than 10-years-old towards the purchase of a Russian-made car.

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