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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. l/100 km) averaged by the trade-in vehicles. Cost per job created.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

It’s under the hoods of the 250 million vehicles we drive today. Using existing technology, we can convert many of them into plug-in hybrids and electric vehicles. And magically, as more electricity comes from lower-carbon fuel sources, our cars will get cleaner as they get older!

Oil 252