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

Green Car Congress

After the “clunker” was traded in, its engine was destroyed. 677,842 clunkers were traded in between 1 July 2009 and 24 August 2009 as part of the program, which issued $2.85 billion in vouchers; NHTSA concluded that the new vehicles purchased under the program averaged 24.9 miles per gallon (9.4 l/100 km), compared to the 15.8

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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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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. 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. appeared first on EVOLVE.

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