article thumbnail

ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.

article thumbnail

Cash for Volts?

Revenge of the Electric Car

to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. WASHINGTON -(Dow Jones)- Move over, cash for clunkers. More details at: Group Seeks US Tax Credits To Spur Electric Car Use. by Judith Burns for Dow Jones. By Judith Burns.

Volt 100
article thumbnail

Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

When our country was attacked at Pearl Harbor, no one believed we could build 30,000 planes and tanks in just one year. Since our cars and trucks use almost two-thirds of the oil we buy, the quickest way to cut oil use is to free transportation from its grip. It helps that the auto industry will be building more efficient new vehicles.

Oil 252
article thumbnail

Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian

Tony Karrer Delicious EVdriven

The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles. Its that part that could incentivise consumers to buy an electric vehicle." Hoon said he was looking at ways of contributing to the mayors £60m plan.

article thumbnail

Poll: 81% of Americans Oppose Gas Tax Hike To Encourage Sales of More Efficient Cars

Green Car Congress

Americans also give mixed reviews to the “Cash for Clunkers” plan now moving through Congress that would give car owners up to $4,500 toward the purchase of a new, more fuel-efficient car if they turn in their old vehicle. Only 22% of Americans are willing to spend more to buy an energy-efficient hybrid car to help the environment.

Tax 150