article thumbnail

Proposed scrappage scheme meets criticism

Green Cars News

The scrappage scheme is only a few days old here in the UK and it has already come under fire. An article in the New York Times criticised the so-called “cash for clunkers&# legislation that would give people vouchers worth as much as $4,500 to replace old cars with new ones. Leave a comment with your thoughts.

article thumbnail

How the Budget affects green car drivers

Green Cars News

According to his plans, vehicles that are aged over 10 years old and have been driven by motorists for more than 12 months will be worth £2,000 when traded in for a new car as part of the Government’s new scrappage scheme which takes much of its inspiration from a highly successful format in Germany.

article thumbnail

Can green cars solve automotive crisis? The Green Piece

Green Cars News

With the Nissan LEAF still around a year away from hitting the streets, Mitsubishi has stolen a march on its rival by introducing the i-MiEV in Japan (see article ). Why the race is on. Perhaps the most promising sign for the major car manufacturers in the current climate is that there is serious backing for green cars to succeed.

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. With General Motors and Chrysler also showing signs of modest improvement, all looked rosy.

article thumbnail

Is a green tax blitz justified? The Green Piece

Green Cars News

The likes of Germany and Denmark are already reaping the rewards of having altered their tax systems to encourage green innovation. What are the proposals? The 100-page report wants to double the proportion of green taxes in the current tax take from the existing level of seven per cent.

Tax 36