Share 'Why the rumoured UK car scrapping coupon is bad economics'

It is rumoured that in the next UK budget people with cars over 9 years old will be able to receive a £2,000 coupon to spend on a new car if they scrap their old car. to me this seems bad economics on many levels: 1) cars require a lot of energy and emissions to build, i cant say for sure but i imagine that the resource and energy implications of building a new car far outweigh the savings of em…