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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. In the event of a future economic recession, we would not recommend repeating the CARS program. Cost per job created. Click to enlarge. million, or 0.7

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. However, despite all the concerns about the future of electric cars, EVs have shown significant resilience in the past few months, even in the face of the pandemic.

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