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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. Wiles, Sungho Park (2018) “Trading on Up: An Examination of Factors Influencing the Degree of Upgrade: Evidence from Cash for Clunkers” Journal of Marketing doi: 10.1177/0022242918809380. Chadwick J.

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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.