Wondering what to make of the Cash for Clunkers initiative that’s been sweeping the news ranks and has just been extended by Congress with another $2B to total $3B? Green Builder Media’s most recent newsletter thinks that it’s a step in the right direction but should be accompanied by numerous other wholistic initiatives in parallel to drive systemic change, rather than just a one-time band-aid. The program is expected to replace 500K cars by Fall 2009 when the funds are expected to dry up again, and to increase the efficiency of participating drivers by 60% (average 10 MPG for cars traded in)
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Cache-ing Clunkers