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

Green Car Congress

jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The small increase in employment came at a far higher implied cost per job created ($1.4 million, or 0.7 million tons.

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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.

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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. So is this scheme green at all? Our verdict – green shoots should not be ignored.

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Thursday - 1 October 2009. Reporting Out on the Tour de AZ; "Spirit of DC" Plug-in Hybrid Electric Vehicle All Around ARIZONA -- a new PHEV3A

Spirit of DC - PHEV3A

Florence, Pinal Cty My request is to line up with appropriate AAA persons handling for those in charge of growing Arizona counties green and clean, sustainable and electric, inside and outside of government in order in order to coordinate liaison. In fact, "Cash for Clunkers" should also be expanded to "Cash for Conversions!"

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Forward-thinking governments are introducing green recovery deals. As we emerge from the pandemic, policy makers are prioritizing green legislation, now more than ever. 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.

Economy 52