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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?

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Drive Electric Submission Land Transport (Clean Car) Amendment Bill

Drive Electric

Scrappage schemes. The consumer incentive will reduce the purchase price of zero emissions vehicles, which encourages suppliers to provide these choices to meet new consumer demand. Globally, 500 EV models are now on the market, ranging from compact cars and two-seaters through to large sedans, SUVs, and sportscars. 2) [link].

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Polk forecasts global new vehicle auto sales to reach 77.7M in 2012, up 6.7%; expects China sales to grow 16% while US sales recovery slows

Green Car Congress

The luxury segment also offers a wide variety of product options for consumers across all segments, ranging from small cars to SUVs. Austerity plans will prevent governments in Europe from boosting 2012 sales through scrappage programs and other incentives offered in previous years.

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