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Japan ends subsidy program for green car purchases

Green Car Congress

Japan has decided to end a government subsidy program to encourage purchases of environmentally friendly cars as funds dwindle. The subsidy was supposed to be eligible for vehicles registered as new cars between Dec. According to the Ministry of Economy, Trade and Industry, the government only has ¥2.5 billion (US$3.5

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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.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

69% of licensed drivers can drive a car. Around 41% of the vehicles were cars and 51% were motorcycles. A separate report from the Ministry of Public Security said that almost 200 million Chinese can drive a vehicle—about 15% of the 1.3 billion population. About 19 million Chinese obtained a driving license in 2009. A total 16.7

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Continental Mobility Study 2020 finds many people still have doubts about EVs

Green Car Congress

The Continental Mobility Study 2020 shows that enthusiasm for electric cars is strong in China, while reservations still need to be overcome in Germany, France, the US and Japan. Main arguments against all-electric cars by international comparison. All five countries offer purchase premiums for electric vehicles, for example.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

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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

do not discuss the merits of the program in terms of stimulus. While the program is an expensive way to reduce greenhouse gases, it is certainly possible that the stimulus benefits outweigh the added environmental costs. a consultancy, noting that fading interest suggests current car sales are borrowed from the future.

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Younger auto debtors falling additional in the back of

Baua Electric

The quantity borrowed for cars within the first quarter via shoppers ages 18 to 29 fell 25 p.c However he additionally famous that tightening via lenders additionally may have trim into the amount of cash borrowed for cars. Shoppers have been ready to borrow extra for cars than would up to now had been conceivable.

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