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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. It would also be required that the loans be used to buy cars achieving at least 32mpg to push innovation - the threshold would increase each year.

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Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. “A coalition of auto makers, battery manufacturers, utility operators and shipping companies wants the U.S. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018.

Volt 100
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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. Since our cars and trucks use almost two-thirds of the oil we buy, the quickest way to cut oil use is to free transportation from its grip. It helps that the auto industry will be building more efficient new vehicles. It’s a 21st-century equivalent of what we did in 1942.

Oil 252
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Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

Nobody likes bureaucratic red tape or waiting on payment and this seems to have become a sticking point for retailers nervously waiting to see how the United States’ updated EV tax credit scheme plays out. Car dealers are asset rich and cash poor. Cash flow is something we look at every single day in a car dealership," she continued.