Green Car Congress
MARCH 25, 2019
In 2009, the Obama administration launched the Car Allowance Rebate System, a program that was intended to not only stimulate spending, but also to improve energy efficiency and safety by encouraging people to upgrade to new cars. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers.
Green Car Reports
MAY 5, 2020
Back in 2009, the $3 billion Cash for Clunkers program, or Car Allowance Rebate System (CARS), offered $3,500 to $4,500 for older vehicles up to 25 years old regardless of the condition provided consumers replaced it with a new, more fuel-efficient one.
Green Car Congress
NOVEMBER 3, 2013
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
Green Car Congress
SEPTEMBER 12, 2009
Source: Sivak and Schoettle 2009. 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
Green Car Congress
SEPTEMBER 2, 2009
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 Burton and Paarsons (2009). 2009) Is CARS a Clunker? 0812835106.
Green Car Congress
AUGUST 14, 2009
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.
Green Car Congress
SEPTEMBER 22, 2009
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 ).
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