Biden plan would broaden EV tax credit, include Cash for Clunkers reboot

Green Car Reports

Joe Biden announced a broad environmental plan Tuesday that includes provisions to broaden the federal electric-car tax credit and revive the "Cash for Clunkers" program.

Romania doubles electric-car subsidies, adds 'cash for clunkers' program

Green Car Reports

Incentive programs for the purchase of a low-emission vehicle have been adopted across the world. Europe cash for clunkers incentives plug-in cars government subsidy RomaniaIn recent years, governments have increasingly worked to encourage the sales of plug-in electric vehicles. The amounts granted and the mechanisms vary according to the individual program, but the goal is the same: reduce emissions. DON’T MISS.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

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. I think the economists have said it’s sort of a wash because it mainly just took future purchases and accelerated them.

Cash for Clunkers By the Numbers

Green Car Congress

Cash for Clunkers sales by manufacturer. The US Cash for Clunkers program (CARS) ended Tuesday night with 690,114 dealer transaction submitted worth $2,877.9 Eighty-four percent of consumers traded in trucks and 59% purchased passenger cars. mpg and the average fuel economy of vehicles purchased is 24.9 Cars purchased under the program are, on average, 19% above the average fuel economy of all new cars currently available.

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 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.

Cash for clunkers: a summary

Green Cars News

The US Cash for Clunkers scheme ran out of cash on Tuesday with 690,114 dealer transactions submitted. According to official statistics, 84 per cent of consumers traded in trucks and 59 per cent purchased passenger cars. The state that requested the largest share of the cash for clunkers cash was California with 11.3 So did it achieve its objectives? Let’s look at the evidence.

Cash for clunkers enjoys early success

Green Cars News

So after the UK’s vehicle scrappage scheme was hailed a success, what of the so-called “cash for clunkers&# programme in the US? Even though corporate purchases of vehicle fleets continued to drop, the number of retail sales of Ford cars and pick-up trucks among the public leapt by nine per cent. Officially called the Car Allowance Rebate Scheme (CARS for short), it has proved so popular that public funding of $1billion dried up after one week.

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 There is a $4,200 loss to the taxpayer (the average subsidy), but the CARS participant gains $1,600 per vehicle ($2,600 in the value of the price subsidy less the $1,000 loss of the clunker). 2009) Is CARS a Clunker?

Study Finds Cash for Clunkers Program Boosted Average Fuel Economy of All Vehicles Purchased by 0.6 mpg in July and 0.7 mpg in August

Green Car Congress

Average fuel economy of purchased new light-duty vehicles by month, including projection without the program. A study by Michael Sivak and Brandon Schoettle at the University of Michigan’s Transportation Research Institute (UMTRI) concluded that the recently concluded Cash for Clunkers program improved the average fuel economy of all vehicles purchased by 0.6 The results indicate that the program improved the average fuel economy of all vehicles purchased by 0.6

US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. Transportation Secretary Ray LaHood announced on Thursday that after a successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. At the same time, we’ve been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles.”.

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. While carbon credits are projected to sell in the US for about $28 per ton (current price in Europe is about $20), Knittel found that the best-case estimates of the cost of the clunkers rebate is $237 per ton.

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. Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 When the cash for clunkers scheme was introduced, we at TheGreenCarWebsite.co.uk

Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

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% As a result, the SAAR for July surged to 11.24 year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet. The Tacoma mid-size pickup reported sales of 12,552 units for the month, up 7.6%

Cash For Clunkers & Guzzlers Falls Short

Hybrid SUV Blog

If news about “Cash For Clunkers&# or “Cash For Guzzlers&# has you excited about trading in your current ride for a hybrid SUV or green car, you may be disappointed to learn more of the details. Last month, the Car Allowance Rebate System was signed into law, providing roughly $1 billion dollars in incentives for people willing to trade in their current vehicle for a new, more fuel-efficient option.

UMD collaborative study finds that fuel efficiency of one car in household may be cancelled out by next car purchase

Green Car Congress

In a recent collaborative study led by the University of Maryland (UMD), researchers found that consumers tend to buy something less fuel efficient than they normally would for their second car after buying an eco-friendly vehicle. 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.

GM Launches Trial of Sales on eBay

Green Car Congress

Starting tomorrow and running through 8 September, GM is running a test program for online car sales on eBay in California at gm.ebay.com. Consumers will be able to browse California dealer online showrooms, ask questions, negotiate prices, and arrange financing and payment to purchase a new 2008, 2009 or select 2010 car, crossover or truck online.

2009 150

US VP Biden outlines 3-part plan to have 1M advanced technology vehicles on US roads by 2015

Green Car Congress

factory today, Vice President Biden outlined the Administration’s new plan for reaching that goal. The President is proposing to transform the existing $7,500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale, similar to “Cash for Clunkers”. The President’s Budget proposes expanding funding for vehicle technologies by almost 90% to nearly $590 million and enhancing existing tax incentives.

2011 219

Hybrid Car Sales Surge in U.S. in August

All Cars Electric

When the Cash for Clunkers (CARS) program here in the U.S. ended, I wondered how many of the buyers who took advantage of the rebate chose to purchase a hybrid. If I had owned my own clunker — a well-loved 1989 Buying a hybrid made the most sense, in my view, especially with the slight surge in gas prices just before the program launched.

UK Scrappage Scheme Encouraging Shift to Smaller, Fuel-Efficient Cars

Green Car Congress

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. In September, the government announced a further £100 million funding for the scheme, expanding its coverage to up to 400,000 vehicles. Guardian. New cars bought through the UK’s scrappage incentive scheme , which began in May, emit on average 10.9%

Survey Finds Most Americans Concerned About Gas Prices But Not Enough to Stop Taking Their Own Car To Work

Green Car Congress

Among the results: 80% of adults say the price of gas will be at least somewhat important in their deciding what vehicle they will purchase next. For 48%, it is a very important factor. Only 16% say gas prices will be not very or not at all important when they are deciding on the next vehicle they purchase. Americans give mixed reviews to Congress’ “Cash for Clunkers” plan to encourage the purchase of new, more fuel-efficient cars.

2009 150

Poll: 81% of Americans Oppose Gas Tax Hike To Encourage Sales of More Efficient Cars

Green Car Congress

A new Rasmussen telephone poll found that 81% of Americans oppose an “ increase the tax on gasoline by a large amount ” as a way to encourage the purchase of more fuel-efficient cars. In April 2008, 60% of Americans favored suspending the federal gas tax completely for the summer to offset soaring gas prices.

2009 150

EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

Green Car Congress

The US Environmental Protection Agency (EPA) released its annual report summarizing key trends in carbon dioxide emissions, fuel economy, and CO 2 - and fuel economy-related technology for gasoline- and diesel-fueled personal vehicles sold in the United States, from model years (MY) 1975 through 2012. Data for MY 2011 are final; data for MY 2012 are preliminary and based on projected vehicle production values provided to EPA by manufacturers.

2013 238

Scrappage Scheme Moving Forward in US Congress

Green Car Congress

Dingell, Congresswoman Betty Sutton, Congressman Jay Inslee, and Congressman Bart Stupak reached an agreement on a “Cash for Clunkers” scrappage program. Under the proposal, consumers may trade in their older vehicles and receive vouchers worth up to $4,500 to help pay for new, more fuel efficient cars and trucks. The program will be authorized for up to one year and provide for approximately one million new car or truck purchases.

Reported Sales of US Hybrids Up 48.6% in August; 3.07% Market Share

Green Car Congress

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% All comparisons here are by volume, not adjusted for the daily selling rate.). Sales of all Civic model rose 44% by volume in August; the Civic was one of the top 10 new vehicles purchased under the CARS program, along with the Honda Fit and Accord.

2009 161

Heard At The Show: Snippets from SAE 2009 World Congress

Green Car Congress

For every kJ of chemical energy in the fuel for a spark ignition internal combustion engine, 73 % is sacrificed to chemical and thermal losses. Breaking out the 22%, aerodynamic losses account for 39%, tire resistance is 25%, transmission and drivetrain 20%, accessories 12% and bearings 3%. “ People were concerned about spending $35,000 for an SUV that seats five, they were saying for $21,000 I can get a sedan that seats five. Cash for Clunkers.

2009 150

Cash for Volts?

Revenge of the Electric Car

A coalition of car makers, battery suppliers and electricity providers has come together to ask for federal help for EVs. by Judith Burns for Dow Jones. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. WASHINGTON -(Dow Jones)- Move over, cash for clunkers. Nissan is bullish on plug-ins, which Ghosn predicts will account for 10% of cars sold by 2020.

Volt 100

Labour's £5,000 sweetener to launch electric car revolution | Environment | The Guardian

Tony Karrer Delicious EVdriven

Photograph: Graeme Robertson/Guardian Consumers are to be offered incentives of up to £5,000 to purchase an electric car under government plans to be unveiled today that will also see the creation of electric car cities across the UK and the launch of large-scale experiments with ultra-green vehicles. The cash incentive for consumers would be available to offset the higher upfront costs of electric cars , in particular the price of the batteries in modern vehicles.

2009 43