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Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. Conservative estimates resulted in an implied carbon cost exceeding $365 per ton, and more likely scenarios produced a cost of more than $500 per ton. However, the. However, the.

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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

Cost per ton of carbon reduced. jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. The program resulted in a reduction of carbon dioxide emissions of only 8.58

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European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. —Eric-Mark Huitema, Director General of ACEA, the automobile manufacturers’ association. Speed up legislative proposals to support uptake of low-carbon and low-pollutant fuels.

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NYC Goes EV

Revenge of the Electric Car

Last week, the Obama administration announced new fuel economy standards for automobiles that provides some incentives for electric cars. Would these vehicles truly help to lower carbon emissions. In 2008, transportation accounted for 22 percent of all city carbon emissions. billion in stimulus grants to the industry.

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

E-mail This Print Share Close Linkedin Digg Facebook Mixx My Space Permalink Automobiles , Efficiency , Energy Business , Energy Politics , General Business , The Environment , Transportation , chevy , electric cars , General Motors , obama , volt Related Posts From Green Inc. Powered by Blogrunner Latest From Green Inc. Follow the money.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

GE: The global stimulus bellwether FORTUNE 500 Current Issue Subscribe to Fortune (Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Most days, most cars are going to have lots of extra battery capacity,” said Mr. Kempton, noting that on average, American automobiles get driven for just one hour each day. February 17, 2009 9:43 am Link No matter how you slice it we need a carbon TAX to accelerate all these important projects. ’s power generation, he said.

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