Brookings analysts recommend against repeating cash for clunkers program in future recession
Green Car Congress
NOVEMBER 3, 2013
'According to a new paper and policy brief by Brookings, the Car Allowance Rebate System (CARS) or “cash for clunkers” program, launched during the height of the recession with the intention of stimulating the economy and reducing emissions, actually resulted in only a small and short-lived impact on GDP; a higher implied cost per job created than alternative fiscal stimulus programs; and a higher cost per ton of CO 2 reduced than what would be achieved through a policy such as a carbon tax or c
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