ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades
Green Car Congress
MARCH 25, 2019
I think the economists have said it’s sort of a wash because it mainly just took future purchases and accelerated them. The Cash for Clunkers data is important because it showed how much people upgraded when they bought the new car—defined as the difference between the cost of the new car and the inflation-adjusted value of the old car.
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