The Obama administration’s 2009 Car Allowance Rebate System—better known as “cash for clunkers”—was a $3 billion federal scrappage program intended to stimulate demand for more fuel-efficient vehicles. Analysts continue to debate its overall value to the automobile industry and U.S. consumers, but the model could be adapted to revitalize the U.S. commercial shipping industry.
Center for Maritime Strategy
Dr. Steven Wills
External Source: Defense Opinion
The Obama administration’s 2009 Car Allowance Rebate System—better known as “cash for clunkers”—was a $3 billion federal scrappage program intended to stimulate demand for more fuel-efficient vehicles. Analysts continue to debate its overall value to the automobile industry and U.S. consumers, but the model could be adapted to revitalize the U.S. commercial shipping industry.
The full article is available at Defense Opinion
Dr. Steven Wills, Navalist