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. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.
Green Car Congress
NOVEMBER 3, 2013
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. miles per gallon (9.4
Green Car Congress
AUGUST 27, 2009
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. mpg and the average fuel economy of vehicles purchased is 24.9
Green Car Congress
SEPTEMBER 12, 2009
Average fuel economy of purchased new light-duty vehicles by month, including projection without the program. The Car Allowance Rebate System (CARS)—“Cash for Clunkers”—gave buyers a rebate when they traded in a vehicle while purchasing a new one. Source: Sivak and Schoettle 2009. Click to enlarge. mpg in July 2009 and 0.7
Green Car Congress
AUGUST 14, 2009
The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. His analysis, titled “The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program,” was published online 13 August by the University of California Energy Institute.
Green Car Congress
SEPTEMBER 2, 2009
Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 billion in total. Their paper appears in the online journal The Economists’ Voice.
Green Car Congress
MARCH 3, 2021
While this sounds like an all-too-logical conclusion, the study reports a 57% reduction in the benefits of driving the fuel efficient car for carbon emissions purely based on the purchase of the second vehicle. What we really wanted to do is see how households are making decisions when they purchase and own more than one vehicle.
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