Has the cash for clunkers scheme failed? The Green Piece
Green Cars News
AUGUST 18, 2009
The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. His analysis found that the programme is paying nearly 10 times the projected price of carbon credits per ton in the best-case scenario.