Yesterday the U.S. Senate passed the Cash For Clunkers program, which aims to spend one billion dollars to stabilize the U.S. car market. As Cash for Clunkers Program details are emerging, new car buyers may see $4,500 dollar government incentives for the purchase of their new cars.

A company in Japan called Genepax, has come up with a car that runs entirely on water and air. They have designed a unique WES (water energy system) that breaks water down into it’s elements of hydrogen and oxygen and then uses them. The car costs the equivalent of $18,500 US dollars.