article thumbnail

Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

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 Using an estimated cost of $0.71 2009) Is CARS a Clunker?

article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk

article thumbnail

Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian

Tony Karrer Delicious EVdriven

The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles. The government also wants to find ways to support the ongoing costs of electric cars. "We benefit, broadly, manufacturing in the UK," said Hoon. My Web del.icio.us