Federal Assistance to Student Car Buyers Launched; Initiative to Provide 20% Student Subsidy for Hybrid Car Purchases
New York, NY (PRWEB) September 29, 2007 -- Federal Assistance to Student Car Buyers (FASCB), an organization dedicated to helping college/vocational school students and recent graduates purchase fuel-efficient cars, officially launched today.
FASCB, also known as Access Hybrid, prevails upon the federal government to pass legislation granting a one-time, 20% subsidy to qualified buyers, through direct payment or by way of a one-year payment-free exemption on a five-year auto loan. The legislation goals are to:
? reduce petroleum usage
? reduce air pollutants
? provide needed financial assistance to college/vocational school commuters
? financially support new graduates
? put more young adults in safe cars
"The U.S. has less than two percent of the global oil reserves, yet we use 25% of those reserves. Our daily life is fully reliant on foreign countries. It is time to hit the panic button," according to Maxwell H. Stephenson, Executive Director of FASCB.
Why Students?
Eight countries now boast higher postsecondary entry rates than the U.S. We need to put higher education within reach of those that qualify. Those that don't attend an institute of higher learning cite transportation as one of the top three reasons. Students need cars: 87% commute to campus, most of them by autos; 95% of new alumni drive to work.
When it comes to conserving oil and cleaning up the environment, students are our most resolute citizens.
"Young adults are eager and ready to step up to the plate. They want hybrid cars; they simply can't afford them," Average tuition and fees rose 75% over the past decade; this rate shows little if no sign of slowing this year. The current tax credit for hybrid cars basically ignores this group. "You need something to tax before you can enjoy a tax credit. Students and new graduates aren't yet fully personal with the term, 'taxable income.' On average, they come out of college owing $20, 000," according to Stephenson. "Although numbers are difficult to extrapolate, experts agree that a modest repeat car purchase rate by students over the next several decades would mean a dramatic reduction in pollution and vastly reduce our dependency on foriegn oil."
Savings vs. Costs
"US consumption of imported oil is projected to rise to 70% by 2020. The average temperature has climbed one degree around the world. We can't wait any longer. Congress has the responsibility and authority to reverse these trends. The answer is putting our country's youth in clean cars," says Stephenson.
About FASCB
Based in New York, NY, Federal Assistance to Student Car Buyers, also known as Access Hybrid, through legislation drafting, public education, research, volunteerism and lobbying seeks to develop workable approaches to reducing our nation's dependency on oil and improving our environment.
# # #
Hybrid Articles:
Federal Assistance to Student Car Buyers Launched; Initiative to Provide 20% Student Subsidy for Hybrid Car Purchases
FASCB, also known as Access Hybrid, prevails upon the federal government to pass legislation granting a one-time, 20% subsidy to qualified buyers, through direct payment or by way of a one-year payment-free exemption on a five-year auto loan.
USPS to Deliver Alternative Fuel Vehicle Case Study at eyefortransport's Effective Fuel Management for Fleets Conference
Julie Rios, Executive Director, Energy Initiatives, USPS will present an industry evaluation and report about the lessons learned from managing the largest alternative fuel vehicle fleet in the USA at the Miami Radisson Hotel, February 20-21, 2007.
Ford's Hybrid Car: A Giant Step towards the Reduction of Oil Consumption and Air Pollution
Today's financial crisis comes as a main concern with the price hikes of main commodities and the tremendous raise in petroleum prices. More and more people—interest groups, government administrators, consumers and the industry are bothered by these.
Indepeth Review of Hybrid Car
We did a thorough research for you on hybrid car technology because our goal is to give you some useful information on hybrid car technology.
Baker Electric Car
The baker motor vehicle came into existence in the city of Cleveland, Ohio. The company was endorsed at the national automobile show that was exhibited at Madison Square Garden in the year 1990 in New York. The slogan of the company says ?it sells better than other vehicles because it out classes them?.
Mobility Products & Design Announces AMKAR -- Wheelchair Accessible Electric Car
Mobility Products & Design, a division of Braun Motor Works, announces AMKAR, a low cost, zero emissions, battery powered and wheelchair accessible vehicle for the physically challenged.
Mobility Products & Design Announces AMKAR E-6 - Six Passenger ADA Compliant Wheelchair Accessible Electric Car
Mobility Products & Design, a division of Braun Motor Works, announces AMKAR E-6, a six passenger, battery powered, ADA compliant, wheelchair accessible vehicle for the physically challenged.
Go, Greased Lightning ? the All Electric Car
Ever since Mr Benz first put an internal combustion engine onto a piece of carriagework and thus invented the car, the internal combustion engine has been powered by gasoline or some other derivative of petroleum.
Who Killed The Electric Car?
Ever watch this movie; ?Who Killed the Electric Car?? starring Ed Begley Jr. and Phyllis Diller; directed by Chris Paine. It?s an awful site for anyone who loves the environment. We hate to see the smog when we look out over a cities horizon, but we do. Cars are known to cause the most pollution out of any culprit. After learning this why are we still driving in those gas guzzling polluting machines? Well, this movie sheds a little bit of light on that.
What Are The Benefits Of Owning A Hybrid Car ?
One thing the hybrid cars promise users is the most, is their ability to save gas by consuming less, as well as reduction in atmospheric pollution. For that reason more people prefer to own hybrid vehicles these days. Hybrid cars run on both fuel and engines that are powered by battery. This means that, they consume less oil and emit less gas when compared to gasoline powered vehicles. Hybrid car, no doubt is a possible solution to the sporadic hike in fuel price in the oil market.
Consider A Hybrid Car To Save Gas
Why you should consider a hybrid Vehicle...
Alternative Fuel Vehicle Market Cracks Wide Open as Oil Thunders Towards $110 per Barrel; TechnoMetrica Releases New Study
New research shows that American consumers, beaten down by high gasoline prices, are now more ready than ever for alternative fueled vehicles - Northeasterners hardest hit by high gasoline prices, market ripe for development.
Lithium Supply May Not Be Sufficient for Electric Car Battery Production, Study Finds
Key minerals used to create lithium batteries may not be sufficient to meet future demand for plug-in hybrid and electric cars, researcher tells evworld.com.
So Where Is The Electric Car?
The electric car, once touted as the ?car of the future.? It runs quietly and has no negative impact on the environment while you?re driving down the road. It could be the way for our society to free itself from its dependency on oil. So where is the electric car? Why are they not produced by the millions?
How Green Are Green Cars?
With the issue of global warming taking on international importance in recent years, unsurprisingly the focus has fallen on car drivers, with cars seen as one of the major contributors towards global warming. Green cars have been held up as a potential solution, one that motorists should be embracing.