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

Green Car Congress

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. Cost per job created. Click to enlarge. Cost per ton of carbon reduced. Click to enlarge.

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Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. 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. All stressed that plug-in technology already exists and just needs a push on the financial front from Congress.&#.

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US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

Green Car Congress

The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. The Recovery Act already included $2.4

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

Green Car Congress

A new Rasmussen telephone poll found that 81% of Americans oppose an “ increase the tax on gasoline by a large amount ” as a way to encourage the purchase of more fuel-efficient cars. These sentiments remain largely unchanged from nearly two years when 86% said they opposed the idea of raising gas taxes by $0.50

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