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

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4 million, or 0.7

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European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding. Such schemes should be enhanced by scrapping premiums, and should take into account society’s climate ambitions and resource-efficiency objectives in concert with the economic impact.

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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

do not discuss the merits of the program in terms of stimulus. While the program is an expensive way to reduce greenhouse gases, it is certainly possible that the stimulus benefits outweigh the added environmental costs. pollutants.I A gallon of gasoline creates roughly 20 pounds of carbon dioxide when combusted. Economic Impact?

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Smith Electric Vehicles US Partners with Clean Fuels Ohio Program To Target $10M in Federal Funding

Green Car Congress

We’re involved in this initiative to help our customers with fleet operations in Ohio take full advantage of the benefits the ARRA federal stimulus plan has to offer for the adoption of zero-emission all-electric commercial vehicles. Bryan Hansel, CEO of SEV-US. Earlier post.)

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Stimulate Demand: The programs included in the stimulus bill signed last month may help rebound consumer demand, but more aggressive action to move sales into the 12-14 million-unit range as quickly as possible will help inject much needed liquidity into the entire system.

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs. So is this scheme green at all? Indeed six of the top 10 trade-ins are SUVs with two mini-vans and two pick-up trucks rounding out the list.