article thumbnail

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

Green Car Congress

Cash for Clunkers”) program could maximize greenhouse gas emissions savings by using fuel-economy based eligibility requirements rather than age-based requirements. A first wave occurred in the 1990s, followed by a spate of current schemes to stimulate domestic auto industries in the face of the economic crisis.

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. When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk

article thumbnail

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.

article thumbnail

Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

Cash for Clunkers. There are two bills in the US House of Representatives to give people cash for replacing an old, fuel inefficient vehicle with a new, more efficient, one. Department of Defense and Fuel Economy. Similar programs have been successful in Western Europe. billion/year to the DOD’s fuel bill.

Congress 150
article thumbnail

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. If we can again succeed like that, in a decade, we’ll look back and know that we got a great deal: safer, healthier, better lives, an economy no longer held hostage to petro-dictatorships and blindered, monopolistic companies, and a significant response to climate change.

Oil 252
article thumbnail

Report: Dealers Worried About Getting EV Refunds From the Government

The Truth About Cars

According to a report from Automotive News , dealers are getting worked up about the prospect of not receiving money swiftly enough — mimicking some of the hardships endured during the Cash-for-Clunkers period. Car dealers are asset rich and cash poor. All of a sudden, the dealer is in a cash crunch."

article thumbnail

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. Europe – The European Union has shown no signs of delaying its 2020/2021 95g CO2 target for passenger vehicles and plans to stay on course to become a climate-neutral economy by 2050.

Economy 52