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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

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. After the “clunker” was traded in, its engine was destroyed. miles per gallon (9.4 l/100 km), compared to the 15.8 million, or 0.7 million tons.