article thumbnail

Cash for Volts?

Revenge of the Electric Car

WASHINGTON -(Dow Jones)- Move over, cash for clunkers. By contrast, hybrid vehicles that mix traditional internal- combustion engines with electric power accounted for less than 3% of car sales in 2008, more than a decade after their introduction. November 16, 2009: 06:01 PM ET. By Judith Burns. Of DOW JONES NEWSWIRES.

Volt 100
article thumbnail

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

Green Car Congress

Retrofitters can partner with energy service companies to finance those costs, backed by federal loan guarantees. We’ll add targeted incentives to jump-start this successor to the $4,500 “Cash for Clunkers” program. When they’re mass-produced, conversions will cost under $10-$15,000.

Oil 252
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Furthermore, a BCG report from earlier this year even predicted EV sales to overtake internal combustion engine (ICE) car sales by 2030. Additionally, the European Investment Bank has doubled down on its commitment to the European EV battery industry to boost green recovery, committing more than €1B to financings in 2020.

Economy 52