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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.

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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. The small increase in employment came at a far higher implied cost per job created ($1.4 million, or 0.7 million tons.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. Even ruling Hawaii out as an outlier, the cost of electricity in Connecticut was 17.79 Source: EIA.

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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. billion in stimulus grants to the industry. “We can see a role for more efficient vehicles in a New York City with vastly diminished automobile use.&#. roads by 2015 and has provided $2.4

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

Tony Karrer Delicious EVdriven

How Real, How Soon, and What Must Happen Next,” which concludes the costs of creating an automotive market dominated by electric and hybrid cars are prohibitively high for the foreseeable future – as high as $49 billion for Europe alone (along with another $21 billion for battery-charging infrastructure). The group pointed to a B.C.G.

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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. At current transportation battery prices, that is well beyond the cost of spinning reserve. In effect, cars would be acting like tiny power stations.

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