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

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Click to enlarge. Cost per ton of carbon reduced. Click to enlarge. million, or 0.7 million tons. —Gayer and Parker brief.

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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. China – China, the largest EV market in the world, announced that electric cars will be a top priority in its post-coronavirus stimulus plans , extending EV subsidies and tax breaks for two additional years.

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