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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 government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. However, the. However, the.

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We Need A Cash For Stinkers Program 

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.

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US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. billion in rebates.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk

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

Green Car Congress

We expected it would come from higher prices or a supply disruption—we’ve all been surprised.) And the first plug-in cars mass-produced in the USA in a century will go on sale this fall. That’s too long to wait to improve energy security, protect our economy, and address climate change.

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Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Car dealers are asset rich and cash poor. Since some of that isn’t settled yet, dealers are getting anxious.

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

This growth is no small feat considering overall car sales have been falling in the past two years. Furthermore, a BCG report from earlier this year even predicted EV sales to overtake internal combustion engine (ICE) car sales by 2030. Why some analysts expect EV sales to drop.

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