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Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 2009) Is CARS a Clunker? billion in total. Using an estimated cost of $0.71
That can be good if it reduces gasoline use. Archsmith and the team hope to expand this research out beyond California and to other aspects of driver behavior research that plays an important role on fuel economy, and ultimately on environmental health and climatechange. —David Rapson.
Vehicle replacement schemes such as the “cash for clunkers” program in the US and the “scrappage scheme” in the UK have featured prominently in the economic stimulation packages initiated by many governments to cope with the global economic crisis—at least 13 countries have deployed such schemes. —Kagawa et al.
If we can again succeed like that, in a decade, we’ll look back and know that we got a great deal: safer, healthier, better lives, an economy no longer held hostage to petro-dictatorships and blindered, monopolistic companies, and a significant response to climatechange. Over time, we can conserve by reducing the miles we drive.
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