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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. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. However, the.

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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. Alexander Allan, Rachel Carpenter and Geoff Morrison (2009) Abating Greenhouse Gas Emissions through Cash-for-Clunker Programs ( UCD-ITS-RR-09-26 ).

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Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Some highlights: The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19,173 units, up 29.7% Monthly new vehicle market share for hybrids. Click to enlarge.

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Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

In a session on total vehicle energy consumption, several people shared similar pie charts showing the flow of energy within an automobile. A $1 change in gas prices can lead to a 4-6% shift in take rates (i.e. Cash for Clunkers. Honda demonstrated their “ Walking Assist Device ” at the Congress.

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Survey Finds Most Americans Concerned About Gas Prices But Not Enough to Stop Taking Their Own Car To Work

Green Car Congress

The vast majority of Americans drive to work, but even the threat of higher gas prices doesn’t seem to be encouraging them much to carpool, take public transportation or buy an energy-efficient hybrid car, according to a new Rasmussen survey. For 48%, it is a very important factor. 88% of adults say they drive to work.