Words Of Wisdom said:
Okay, let's say we have 0.8 billion dollars in this program to work with. Let's imagine that 0.2 billion is all administration (that's a lot of administration but w/e). Let's also assume that every trade results in the max $4,500 payout. 800,000,000 / 4,500 = 177,777 trade-ins. Let's also assume that all trade-ins are for the minimum increase (15->25, 19->29) and let's say that an average gas tank holds 15 gallons (I have no idea but we'll use 15 as a number). That's an additional 150 miles per gas tank that someone will get to drive or (for the 15->25) that's 6 gallons of gas saved to get the same distance. For the 19->29 car, that's about 5 gallons saved. So now we have 177,777 cars on the road using 5-6 gallons less fuel than they were before this program. So that's 888,885-1,066,662 gallons saved per refueling. I usually refuel about once every two weeks so let's multiply this by 28 (56 weeks in a year / 2) to see what that stacks up to... 24,888,780 - 29,866,536 That's between 24 and 29 million gallons of gas saved during the course of one year. Even with all the assumptions made, that's pretty impressive. If you want to play the "Well not everyone is destroying the cars" then figure 25% aren't. Even 75% of those above numbers is pretty nice. |
Or, a savings of .0192% Nice use of a billion dollars.
