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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. By contrast it states, the Congress scheme is weaker - you can simply buy a new SUV with only slightly better gas mileage and qualify for a $3,500 boost. What do you think of these proposals and the scrappage scheme in general?

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

Green Car Congress

China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. from last year. million units.

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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. At least that was until analysts started to delve a little deeper. So is this scheme green at all?