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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. do not discuss the merits of the program in terms of stimulus. Knittel, “ The Implied Cost of Carbon Dioxide under the Cash for Clunkers Program ” (CSEM WP 189, August 2009).

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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimulus packages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.

2020 170
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. Europe – The European Union has shown no signs of delaying its 2020/2021 95g CO2 target for passenger vehicles and plans to stay on course to become a climate-neutral economy by 2050.

Economy 52