The program was promoted as providing stimulus to the economy by boosting auto sales, while putting safer, cleaner and more fuel-efficient vehicles on the roadways.
Wikipedia: A study published after the program by researchers at the University of Delaware concluded that for each vehicle trade, the program had a net cost of approximately $2,000, with total costs outweighing all benefits by $1.4 billion. Another study by researchers at the University of Michigan found that the program improved the average fuel economy of all vehicles purchased by 0.6 mpg in July 2009 and by 0.7 mpg in August 2009.
Want more?
http://www.youtube.com/watch?v=fQy8Gi403RY
http://www.youtube.com/watch?v=jiORhKnwXF4
http://www.youtube.com/watch?v=RATW0-Oy3OY
Source: http://en.wikipedia.org/wiki/Car_Allowance_Rebate_System
Source: http://www.youtube.com/watch?v=iD0Pv6yyGek
No comments:
Post a Comment