Brookings analysts recommend against repeating cash for clunkers program in future recession
Green Car Congress
NOVEMBER 3, 2013
After the “clunker” was traded in, its engine was destroyed. 677,842 clunkers were traded in between 1 July 2009 and 24 August 2009 as part of the program, which issued $2.85 The program resulted in a small gasoline consumption reduction of 884 to 2,916 million gallons—equivalent to about only 2 to 8 days’ worth of current usage.
Let's personalize your content