ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades
Green Car Congress
MARCH 25, 2019
Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. I think the economists have said it’s sort of a wash because it mainly just took future purchases and accelerated them. Ours would be one of the first studies to point out the downsides of the program.
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