Green Car Congress
MARCH 25, 2019
The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. —Michael Wiles, an associate professor of marketing. Their paper is published in the Journal of Marketing.
Green Car Congress
NOVEMBER 3, 2013
In terms of distributional effects, compared to households that purchased a new or used vehicle in 2009 without a voucher, CARS program participants had a higher before-tax income, were older, more likely to be white, more likely to own a home, and more likely to have a high-school and a college degree. miles per gallon (9.4
Green Car Congress
MARCH 3, 2021
While this sounds like an all-too-logical conclusion, the study reports a 57% reduction in the benefits of driving the fuel efficient car for carbon emissions purely based on the purchase of the second vehicle. What we really wanted to do is see how households are making decisions when they purchase and own more than one vehicle.
Green Car Congress
AUGUST 4, 2009
Monthly new vehicle market share for hybrids. Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet.
Green Car Congress
SEPTEMBER 2, 2009
Market share of reported hybrid sales in the US. Buoyed by the extension of the US Cash for Clunkers (CARS) program, as well as the availability of more hybrid models on the market, reported sales of hybrids in the US jumped 48.6% In July, the new market share of reported hybrid sales had reached 3.55%. to 535,043.
Green Car Congress
OCTOBER 22, 2009
Gasoline cars account for 85% of cars bought through the scrappage scheme, a higher proportion than in the overall market (39.9%) between May and September. New cars bought through the scheme had average CO 2 emissions of 131.1 g/km CO 2 , 27.4% below the average CO 2 (181.9 g/km CO 2 ) of the scrapped cars.
Green Car Congress
MARCH 15, 2013
Other highlights of the report include: Many new technologies are rapidly gaining market share. The use of gasoline direct injection systems has grown from essentially zero in MY 2007 to a projected 24% of the market in MY 2012. Both conventional hybrids and diesel vehicles have increased market share slightly since MY 2007.
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