Scrapping subsidies during the Global Crisis – Evidence from Europe

Nina Leheyda, Frank Verboven, 5 December 2013

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Many governments around the world have introduced scrapping schemes during the last financial and economic crisis. In Europe, they were especially popular during the year 2009. Governments aimed to counteract the sharply declining demand for cars, while at the same time promoting cleaner cars with lower CO2 emissions.

Topics: Environment
Tags: Cash for clunkers, Europe, global crisis, scrapping subsidies

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