Remove Cash For Clunkers Remove Industrial Remove Motor Remove Stimulus
article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. With General Motors and Chrysler also showing signs of modest improvement, all looked rosy.

article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.

Economy 52