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ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

New research from a team at Arizona State University shows that even when receiving a big rebate from the government, consumers won’t always behave in expected ways. Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Three professors in the W.

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KORE will get conditional OK for $850M U.S. mortgage for EV battery plant

Baua Electric

The corporate plans to faucet the Section of Power’s Complex Era Cars Production mortgage program, which expanded with the passage of the Inflation Relief Operate in 2022. This system now trade in $412 billion in low-interest loans to firms onshoring the build of fuel-efficient automobiles and their elements.