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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

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Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program

Green Car Congress

The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. The credit generally is available for vehicles purchased after 2005. Department of Energy.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

Data shows that the number of registered vehicles in Beijing exceeded 4 million units as of December 18, 2009. About 19 million Chinese obtained a driving license in 2009. There are 66.1 automobiles for every 100 households in Beijing, taking the lead across the country. billion population. 69% of licensed drivers can drive a car.

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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

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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. Knittel, “ The Implied Cost of Carbon Dioxide under the Cash for Clunkers Program ” (CSEM WP 189, August 2009).

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Dayton RTA Adding 10 Gillig Hybrid Buses

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Dayton RTA used two-thirds of the stimulus money it received in spring, 2009, to buy buses, offsetting the cost of fleet replacement and reducing the agency’s budget deficit. RTA purchased the hybrids along with a package of several 40-foot diesel and medium-duty buses at a total cost of $13.3 million.

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Ryder Awarded First-of-Its-Kind Natural Gas Heavy Duty Truck Rental and Leasing Project Using $19.3M in Stimulus Funding

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million in state and federal American Recovery and Reinvestment Act of 2009 (ARRA) funding secured by SANBAG to implement the project. As part of the project, Ryder will purchase more than 200 heavy-duty natural gas powered trucks. Ryder will use $19.3

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. million units in July, up 63.57