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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per ton of carbon reduced. The program resulted in a reduction of carbon dioxide emissions of only 8.58 Cost per job created. million, or 0.7

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Proposed scrappage scheme meets criticism

Green Cars News

An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. Tags: Green cars Latest news cash for clunkers scrappage scheme. Leave a comment with your thoughts.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Even on land, getting oil from tar sands depletes water and other resources and doubles oil’s carbon footprint. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older! We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In fact, just a few days ago Germany and France announced a €500 billion green recovery fund to accelerate the EU’s shift to a low-carbon economy. The country has also committed to investing in EV charging infrastructure to offset the economic downturn resulting from Covid-19. According to CleanTechnica , China will spend up to $1.5

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