article thumbnail

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

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. Cost per job created. Click to enlarge.

article thumbnail

Cash for Clunkers By the Numbers

Green Car Congress

Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Eighty-four percent of consumers traded in trucks and 59% purchased passenger cars. Passenger cars represented 58.6% Click to enlarge.

article thumbnail

We Need A Cash For Stinkers ProgramĀ 

CleanTechnica EVs

Just like the Cash for Clunkers program during the financial crisis, a “Cash for Stinkers” program is needed to battle the climate crisis. Cash for Clunkers was designed to increase new car sales and, in the meantime, put more fuel-efficient vehicles on the road.

article thumbnail

Romania doubles electric-car subsidies, adds 'cash for clunkers' program

Green Car Reports

In recent years, governments have increasingly worked to encourage the sales of plug-in electric vehicles. Incentive programs for the purchase of a low-emission vehicle have been adopted across the world. The amounts granted and the mechanisms vary according to the individual program, but the goal is the same: reduce emissions.

article thumbnail

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

The federal governmentā€™s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. He also assumed drivers didnā€™t change their habits, although some analysts have suggested that the owners of new vehicles will drive more than they would have with their old cars.

article thumbnail

September Auto Sales Plunge in Aftermath of Cash for Clunkers; SAAR at 9.2M units, LDV Sales Down 41% from August, Hybrid Sales Down 48%

Green Car Congress

Reported hybrid sales by month. In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. With 745,997 cars and light duty trucks sold in September, according to Autodata, sales were down 22.7%

article thumbnail

Camry Hybrid vs. Sonata Hybrid, mobile charging, Cash for Clunkers redux: The Week in Reverse

Green Car Reports

Sales of which electric car plunged the steepest leading into the U.S. This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending May 8, 2020. pandemic slowdown? Which automaker reaffirmed its commitment to hydrogen fuel cells?