article thumbnail

Study: Cash-for-Clunkers Programs Should Use Fuel Economy Rather Than Age to Maximize GHG Reductions

Green Car Congress

A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., An earlier, separate study by UC Davis transportation economist Christopher Knittel concluded that the US scrappage program paid nearly 10 times the projected price of carbon credits per ton in the best-case scenario to reduce GHG emissions.

article thumbnail

Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

Regardless of the current softer global economic climate and its inevitable impact at home, the country’s automotive industry is set for robust and resilient growth enabled by disruptive technologies and a sustainability mindset. And the automotive industry is no different.

Auto 40
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 The year preliminarily closed with 5.34 million units; a 27% decline over 2014 and nearly 40% (1.2

2015 150