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A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., An earlier, separate study by UC Davis transportation economist Christopher Knittel concluded that the US scrappage program paid nearly 10 times the projected price of carbon credits per ton in the best-case scenario to reduce GHG emissions.
million (2.1%) since last year and the highest annual increase the autoindustry has seen in the US since IHS began tracking VIO growth. New vehicle registrations also outpaced scrappage by more than 42%—the highest rate seen since the statistic has been tracked, according to the analysis. percent of the fleet.
Unsurprisingly there is still frenzied interest in the announcement of a vehicle scrappage scheme by Alistair Darling as part of his 2009 Budget. The so-called Scrappage Plus discounts will be available over and above the Government and industry’s shared £2,000 subsidy. Sound good? Well, there is a catch.
over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. million, an increase of 2.4%
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