Here is another one of those ridiculous subsidies for the auto industry:
Individuals in disadvantaged census tracts who make up to four times the federal poverty level will be able to trade in their pre-1994 models and receive as much as $12,000 toward the cost of a new or used fuel-efficient vehicle.
A $4.8 million pilot, expected to replace about 600 cars, is currently rolling out in the San Joaquin Valley and South Coast air districts. The Air Resources Board plans to expand the program, which is funded by cap-and-trade auction revenue, by about 10 times next year.
Whereas cap-and-trade started with the best of intentions, it really has turned into a joke of a program. It provides no dedicated funding for bike projects (and only minimal support for transit services), and instead is being used to subsidize private car purchases.
Even viewed as an anti-poverty measure, this is a bad idea. Car ownership is really costly, and it is a mistake to encourage low-income families to hang onto cars when there are much lower cost transportation alternatives.