Brookings analysts recommend against repeating cash for clunkers program in future recession
Green Car Congress
NOVEMBER 3, 2013
However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. The net result was a negligible increase in GDP, shifting roughly $2 billion into the third quarter of 2009 from the subsequent two quarters.
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