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

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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. 677,842 clunkers were traded in between 1 July 2009 and 24 August 2009 as part of the program, which issued $2.85 Cost per job created. million, or 0.7

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This is How the COVID-19 Pandemic Affect The Global EV Market

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As a result, a huge drop in sales in the automotive sector was reported worldwide. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. Despite this general situation of the automotive industry, the EV sales have been stable and were even pretty good during the tough times.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. Late last week it raised its full-year profit forecast on the hope that green stimulus efforts around the world will push consumers to offload older vehicles in favour of newer, more eco-friendly alternatives.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. According to Marcero, who is part of the firm’s Corporate Advisory and Restructuring Services team based in Southfield, Mich.,

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

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