Has the cash for clunkers scheme failed? The Green Piece
Green Cars News
AUGUST 18, 2009
Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs.
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