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Proposed scrappage scheme meets criticism

Green Cars News

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. These payments vastly outstrip the estimated $500 a car it would cost to increase fuel economy by 10 per cent for all vehicles on the assembly line.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

Well, America’s auto industry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the auto industry will be building more efficient new vehicles. That’s too long to wait to improve energy security, protect our economy, and address climate change.

Oil 252
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, EVs are not only proving to be more robust amidst an auto industry in decline, but they are also already displaying some signs of recovery. In fact, just a few days ago Germany and France announced a €500 billion green recovery fund to accelerate the EU’s shift to a low-carbon economy.

Economy 52