The final numbers have been released and the Clunker program has done even better that I initially reported (here and here).
Continue to the numbers ...
Clunker Facts |
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690,000 - | # of new cars due to Clunker program | source |
12,500 - | avg miles driven per year | source |
8,625,000,000 - | avg miles driven by these new cars per year |
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16 - | avg clunker trade's mpg | source |
26 - | avg new car's mpg | source |
10 - | avg mpg improvement of new car vs. clunker |
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63% - | avg % improvement in gas mileage |
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Gasoline Savings |
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539,062,500 - | gallons of gas clunkers needed to drive avg yearly miles |
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331,730,769 - | gallons of gas new cars need to drive avg yearly miles |
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207,331,731 - | gallons of gasoline saved annually |
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Economic savings/benefit |
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$2.62 - | Avg cost of gas - 8/24/09 | source |
$543,209,135 - | Gas savings - national |
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$787 - | Gas savings - individual |
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$1,000 - | Estimated savings from not having a Clunker to repair |
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39,000 - | Estimated jobs created by program | source |
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Environmental savings |
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0.00881 - | metric tons of CO2 saved per gallon of gas | source |
1,826,593 - | metric tons of CO2 saved per year |
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When I posted my earlier analysis at the Daily Kos, it engendered a lively debate. Read those comments and then come back here to add your own.