There is no possible way wiping out 677,000 low value vehicles from the used car market in less than a year won't have a detrimental impact on used car prices. If we look at the used car price charts, we see a huge jump in prices right around 2009. Because of course it did.
https://fred.stlouisfed.org/series/CUSR0000SETA02
https://site.manheim.com/en/services...lue-index.html
Considering only CO2 emissions, there was a 0.4% improvement annual emissions of the light vehicle fleet in the US. So if you completely discount all of the environmental damage done by new materials needed to be mined, refined, new plastics manufactured, entire brand new cars produced and transported, as well as the disposal of all of the old vehicles, then you can call it an environmental win.
https://emagazine.com/the-cash-for-clunkers-conundrum/
https://en.wikipedia.org/wiki/Car_Al...mental_effects
https://css.umich.edu/publications/r...ons-life-cycle
The government set in place a number of unreasonable rules and deadlines that prevented the recycling of huge amounts of materials from these vehicles. As a result instead of being recycled as they normally would have, they went to landfills.
"The ARA attempted to reason with the government, lobbying to extend the 180 day deadline. They explained that the plastic and metal destroyed by premature shredding represented the same amount of energy found in 24 million barrels of oil, something that the CARS program was supposed to be saving."
"Estimates range, but as little as 3 million tons and as much as 4.5 million tons of toxic residue was sent to landfills as a direct result of the CARS program."
https://autoconversion.net/blog/auto...d-environment/
Cash for Clunkers was an economic stimulus package that was at best a lateral move for the environment, and at worst a blow to low income people in need of cheap transportation.

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