Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit
Green Car Congress
SEPTEMBER 2, 2009
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 Abrams and Parsons calculated the average national cost per vehicle turned in to be scrapped under CARS at $2,600. Using an estimated cost of $0.71 2009) Is CARS a Clunker?