Every article says it was bad, but why? And was there any good to it?
In: Economics
A few reasons. The idea was to spend money to get cars that produce a lot of emissions off the road. people were supposed to take the money and roll it forward to a newer, fuel efficient car.
But the newer cars weren’t that much more efficient with fuel.
And the cars were crushed and destroyed instead of recycled, so it increased demand for material that could’ve been recycled.
Also since those cars were crushed, if you needed a part for your ‘clunker’, it was nearly impossible to find, making repairs more expensive.
Finally, it also killed the shit out of the used car market for a period of time. Idk if it’s still like that. But the program removed tons of vehicles from the road that were perfectly fine just because they were old. For a long time people would be able to buy older used cars because they were more affordable. But after wrecking so many cars it drove the prices of cars up, making them less affordable (which isn’t a good thing if 99.99999% of the country requires you to have a car).
All in all, it was a clusterfuck of bureaucracy
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