“Transportation Secretary Ray LaHood said 157,000 trades had occurred as of Tuesday morning, eating up $664 million of the $1 billion appropriated for the effort.

“More than 80 percent of the vehicles turned in were trucks and sport-utility vehicles, the government said. The top-selling new car is the Ford Focus, followed by the Toyota Corolla, Honda Civic, Toyota Prius and Toyota Camry. The new vehicles on average get 25.4 miles per gallon, compared with an average of 15.8 mpg for the trade-ins.” (Washington Post, Wednesday)

But what happens if these people drive more because they have more fuel efficient cars?

FEE Timely Classic
“Wasting Energy on Energy Efficiency” by Ben Lieberman