article thumbnail

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

Green Car Congress

The study found that people would have been more likely to upgrade their cars if rebates had been less and if they had been offered as straight discounts—not trade-in refunds. Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Three professors in the W.

article thumbnail

Would a Cash for Clunkers program speed up electric vehicle adoption?

Electrek

A Cash for Clunkers program would see EV buyers retire their gas cars for a cash incentive rather than a trade-in. The post Would a Cash for Clunkers program speed up electric vehicle adoption? Would it be more effective?

article thumbnail

Commentary: Emissions–not gas mileage–should be foundation for Cash for Clunkers reboot

Green Car Reports

Back in 2009, the $3 billion Cash for Clunkers program, or Car Allowance Rebate System (CARS), offered $3,500 to $4,500 for older vehicles up to 25 years old regardless of the condition provided consumers replaced it with a new, more fuel-efficient one.

article thumbnail

Electric garbage truck, Cash for Clunkers reboot, VW EV brand: Today’s Car News

Green Car Reports

And should Cash for Clunkers look directly at tailpipe emissions for a reboot? This and more, here at Green Car Reports. Volkswagen is thinking of creating a new brand around its most affordable EVs. Garbage trucks are going all-electric, too. Given the.

article thumbnail

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

Green Car Congress

In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. Cost per job created. Click to enlarge.

article thumbnail

Cash for Clunkers By the Numbers

Green Car Congress

Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Eighty-four percent of consumers traded in trucks and 59% purchased passenger cars. Passenger cars represented 58.6% Click to enlarge.

article thumbnail

We Need A Cash For Stinkers Program 

CleanTechnica EVs

Just like the Cash for Clunkers program during the financial crisis, a “Cash for Stinkers” program is needed to battle the climate crisis. Cash for Clunkers was designed to increase new car sales and, in the meantime, put more fuel-efficient vehicles on the road.