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ASU research finds that Cash for Clunkers rebates were too high to prompt car upgrades

Green Car Congress

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. The data included more than 320,000 real vehicle transactions completed under Cash for Clunkers. —Michael Wiles.

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Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

After the “clunker” was traded in, its engine was destroyed. 677,842 clunkers were traded in between 1 July 2009 and 24 August 2009 as part of the program, which issued $2.85 miles per gallon (9.4 billion in vouchers; NHTSA concluded that the new vehicles purchased under the program averaged 24.9 l/100 km), compared to the 15.8

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Univ. of Delaware Researchers Conclude Cash for Clunkers Cost Exceeded Benefit

Green Car Congress

Burton Abrams and George Parsons of the University of Delaware evaluated the efficiency of the recently concluded Cash for Clunkers (CARS) program and concluded that the cost exceeds the benefit by approximately $2,000 per vehicle, or close to $1.4 billion in total. Their paper appears in the online journal The Economists’ Voice.

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Study: Cash-for-Clunkers Programs Should Use Fuel Economy Rather Than Age to Maximize GHG Reductions

Green Car Congress

Cash for Clunkers”) program could maximize greenhouse gas emissions savings by using fuel-economy based eligibility requirements rather than age-based requirements. Alexander Allan, Rachel Carpenter and Geoff Morrison (2009) Abating Greenhouse Gas Emissions through Cash-for-Clunker Programs ( UCD-ITS-RR-09-26 ).

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Cash for clunkers programme explained

Green Cars News

The programme, which has been dubbed ‘cash for clunkers’, was signed into law on June 24 with issuance expected to occur on July 23. Trade-in vehicles must get 18 or less miles per gallon (some large pick-up trucks and cargo vans have different requirements). So how will the US scheme work?

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August U.S. Light-Vehicle Sales Hit Highest MPG Since $4 Gasoline

Green Car Reports

Thanks to the strong financial incentives offered by the Cash-For-Clunkers program , the average gas mileage of new vehicles sold in the U.S. during August reached a record high: 23 miles per gallon, up 8 percent from the 21.2 mpg in August 2008.

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Cash for Volts?

Revenge of the Electric Car

WASHINGTON -(Dow Jones)- Move over, cash for clunkers. cents per mile traveled, compared with 12 cents per mile for a gas-powered car, advocates say. Electric cars already have a long-enough range for most Americans, who typically drive no more than 40 miles a day, coalition members noted. By Judith Burns.

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