article thumbnail

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

Green Car Congress

A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., An earlier, separate study by UC Davis transportation economist Christopher Knittel concluded that the US scrappage program paid nearly 10 times the projected price of carbon credits per ton in the best-case scenario to reduce GHG emissions.

article thumbnail

Hyundai ahead of the pack in scrappage scheme

Green Cars News

So which company has reaped the benefits of the vehicle scrappage scheme the most here in the UK? The i20 super-mini meanwhile has secured close to 5,000 orders with buyers seemingly turning away from the significant price increases implemented by other manufacturers. Look no further than Korean car manufacturer Hyundai.

article thumbnail

UK new car CO2 emissions fell 3.5% in 2010 and more than 20% since 2000

Green Car Congress

The scrappage scheme, which ended in March 2010, was a significant factor in this trend. The economic and political challenges of high fuel prices, energy security and climate change are shared issues that must be addressed at an international level. in the first half of 2010 compared with the same period in 2009.

2000 218
article thumbnail

Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

Regardless of the current softer global economic climate and its inevitable impact at home, the country’s automotive industry is set for robust and resilient growth enabled by disruptive technologies and a sustainability mindset. This is expected to gather momentum in a price-sensitive segment.

Auto 40
article thumbnail

IHS cuts 2015 light vehicle sales forecast in China to 23.4 million; deeper cut for 2016

Green Car Congress

The sales slowdown is widespread throughout China, according to the IHS analysis of its proprietary province- and city-level forecast, along with the current economic climate. Click to enlarge. Nearly one in four cities (out of 340 monitored by IHS) is reporting declining light vehicle sales.

Light 150
article thumbnail

[PRESS RELEASE] DRIVE ELECTRIC RESPONSE TO CLEAN CAR DISCOUNT CHANGES.

Drive Electric

The Climate Change Commission has recently confirmed that incentives are necessary to continue to ensure the adoption of EVs. Research has shown that the clean car discount is popular with New Zealanders, so let’s keep it going until we get close to price parity between EVs and petrol cars. This is still just 1.5% There’s more to do.

Clean 52
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2

2015 150