article thumbnail

ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.

article thumbnail

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

Green Car Congress

Paper: Cash for Clunkers: An Evaluation of the Car Allowance Rebate System Policy brief: The Car Allowance Rebate System: Evaluation and Lessons for the Future. —Gayer and Parker brief. Emissions Fuel Efficiency Policy'

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 government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. His analysis, titled “The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program,” was published online 13 August by the University of California Energy Institute.

article thumbnail

Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 2009) Is CARS a Clunker? billion in total. Burton and Paarsons (2009).

article thumbnail

Study Finds Cash for Clunkers Program Boosted Average Fuel Economy of All Vehicles Purchased by 0.6 mpg in July and 0.7 mpg in August

Green Car Congress

A study by Michael Sivak and Brandon Schoettle at the University of Michigan’s Transportation Research Institute (UMTRI) concluded that the recently concluded Cash for Clunkers program improved the average fuel economy of all vehicles purchased by 0.6 mpg in July 2009 and 0.7 mpg in August 2009. mpg in July 2009 and 0.7

article thumbnail

Study: Cash-for-Clunkers Programs Should Use Fuel Economy Rather Than Age to Maximize GHG Reductions

Green Car Congress

Cash for Clunkers”) program could maximize greenhouse gas emissions savings by using fuel-economy based eligibility requirements rather than age-based requirements. Alexander Allan, Rachel Carpenter and Geoff Morrison (2009) Abating Greenhouse Gas Emissions through Cash-for-Clunker Programs ( UCD-ITS-RR-09-26 ).

article thumbnail

UMD collaborative study finds that fuel efficiency of one car in household may be cancelled out by next car purchase

Green Car Congress

—James Archsmith, assistant professor in Agricultural & Resource Economics at UMD and lead author. What we really wanted to do is see how households are making decisions when they purchase and own more than one vehicle. —James Archsmith. Archsmith, J., Gillingham, K.T., Knittel, C.R. and Rapson, D.S.

Purchase 220