article thumbnail

$2B Cash for Clunkers Supplement Signed Into Law; Funding Taken from Renewable Energy Loan Guarantee Program

Green Car Congress

3435 , which provides $2 billion FY 2009 emergency supplemental appropriations for the Consumer Assistance to Recycle and Save Program (Cash-for-Clunkers, C4C). The C4C program, which began in late July, encouraged a surge in auto sales, with the original $1 billion funding depleting in approximately one week.

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

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

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

Oil 252
article thumbnail

Cash for Volts?

Revenge of the Electric Car

“A coalition of auto makers, battery manufacturers, utility operators and shipping companies wants the U.S. WASHINGTON -(Dow Jones)- Move over, cash for clunkers. A coalition of auto makers, battery manufacturers, utility operators and shipping companies wants the U.S. by Judith Burns for Dow Jones. By Judith Burns.

Volt 100
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. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five.

Congress 150
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. 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.

Economy 52