Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit
Green Car Congress
SEPTEMBER 2, 2009
There is a $4,200 loss to the taxpayer (the average subsidy), but the CARS participant gains $1,600 per vehicle ($2,600 in the value of the price subsidy less the $1,000 loss of the clunker). Assuming 12,000 as the average miles driven per year and using the average mpg of the retired vehicles (15.8 Using an estimated cost of $0.71
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