article thumbnail

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

Green Car Congress

Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Overall, the average miles-per-gallon of the traded-in vehicles was 15.8, Their paper is published in the Journal of Marketing. and of the new vehicles, 24.9. —Michael Wiles.

article thumbnail

Senate Energy Bill Contains $3.8B for Natural Gas Vehicle Conversion and Purchasing, $400M for Plug-in Vehicle Deployment

Green Car Congress

In general, rebates will offset 90% of the incremental cost of a qualified alternative fuel vehicle to a qualified owner for the purchase of a 15 qualified alternative fuel vehicles. Recommendations to the President and Congress for changes in federal programs to better promote the deployment of and reduce the barriers to plug-ins.

Plug-in 268
article thumbnail

Hyundai to offer Tucson Fuel Cell vehicle to LA-area retail customers in spring 2014; Honda, Toyota show latest FCV concepts targeting 2015 launch

Green Car Congress

When we spoke to customers interesting in driving a hydrogen fuel cell vehicle, many wondered what the cost of hydrogen would be. Because of the inherent weight and cost of batteries, and the chemistry and physics that drive slow recharge times, today’s electric vehicles have practical limits for many consumers, Hyundai suggested.

Tucson 324
article thumbnail

California Air Resources Board releases proposed Advanced Clean Car package: LEV III, GHG and ZEV rules to transform the California fleet; ZEVs and TZEVs to be 15+% of new vehicle sales by 2025

Green Car Congress

When fully implemented, annual fuel costs to operate a car will be reduced by an average of 25%, with an overall cumulative savings of $22 billion by 2025, according to ARB calculations. This will reduce the monthly cost of a new car by $12, even when considering the higher cost of the loan or lease. Click to enlarge.