article thumbnail

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. The program resulted in a reduction of carbon dioxide emissions of only 8.58 Emissions Fuel Efficiency Policy' Cost per job created.

article thumbnail

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.

article thumbnail

Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. UPDATE:Group Seeks US Tax Credits To Spur Electric Car Use. by Judith Burns for Dow Jones. By Judith Burns.

Volt 100
article thumbnail

Biden plan would broaden EV tax credit, include Cash for Clunkers reboot

Green Car Reports

Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program.

article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Germany’s auto industry and senior officials have called for another “cash for clunkers” program , an initiative that would boost the demand for more sustainable vehicles by offering monetary incentives for people that scrap their fuel-inefficient cars. According to CleanTechnica , China will spend up to $1.5 of the U.S.

Economy 52