Comments on: White House Economist: ‘No Reason’ to Alter Cash for Clunkers

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By: Shane

Shane — Sat, 01 Aug 2009 00:28:41 +0000

Jared Bernstein is right. According to House Global Warming Chairman Ed Markey, actual statistics from the program show unexpectedly big fuel economy benefits:

--During the week that the ‘Cash for Clunkers’ program was launched, GM’s small car sales increased 54.8 percent over the preceding week.

--The leading Ford vehicle being purchased under the program is the 28 mpg Ford Focus at nearly 30 percent of all Ford sales.

--Toyota reports that 78% of their Cash for Clunkers volume were the Corolla, Prius, Camry, RAV 4 and Tacoma, with a resulting average of 30 mpg.

--Hyundai is reporting a 59 percent increase in fuel economy compared to the old vehicle—which averaged 140,000 miles.on the actual

http://markey.house.gov/index.php?option=com_co...

By: Total

Total — Fri, 31 Jul 2009 22:51:33 +0000

That's not a good example, and it illustrates the problems with miles per gallon as a measurement. Going from a 14 MPG to 16 MPG is the equivalent of going from a 30 MPG vehicle to a 40 MPG vehicle, in terms of gallons of gas saved. Do the math yourself on 12,000 annual miles of driving.