Green Car Congress

MARCH 25, 2019

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. —Michael Wiles, an associate professor of marketing. Their paper is published in the Journal of Marketing.

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Green Car Congress

NOVEMBER 3, 2013

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. After the “clunker” was traded in, its engine was destroyed. l/100 km) averaged by the trade-in vehicles. miles per gallon (9.4

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Green Car Congress

OCTOBER 5, 2009

In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. New vehicle market share for reported hybrid sales in September dropped back down to 2.7% Hybrid new vehicle market share by month.

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Cash For Clunkers Sale LS 600H Hybrid 225

Green Car Congress

NOVEMBER 6, 2020

IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In many cases this favored sales of smaller, less electronically equipped vehicles.

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Green Car Congress

AUGUST 4, 2009

Monthly new vehicle market share for hybrids. Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet.

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Cash For Clunkers Sale Hybrid Dodge 150

Green Car Congress

MAY 6, 2009

Dingell, Congresswoman Betty Sutton, Congressman Jay Inslee, and Congressman Bart Stupak reached an agreement on a “Cash for Clunkers” scrappage program. Under the proposal, consumers may trade in their older vehicles and receive vouchers worth up to $4,500 to help pay for new, more fuel efficient cars and trucks.

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Scrappage Congress Cash For Clunkers MPG 150

Green Car Congress

MARCH 3, 2021

In a recent collaborative study led by the University of Maryland (UMD), researchers found that consumers tend to buy something less fuel efficient than they normally would for their second car after buying an eco-friendly vehicle. —James Archsmith, assistant professor in Agricultural & Resource Economics at UMD and lead author.

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