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

Green Car Congress

New research from a team at Arizona State University shows that even when receiving a big rebate from the government, consumers won’t always behave in expected ways. Under the federal program, buyers could get a $3,500 or $4,500 rebate, depending on how much more efficient their new car was. Three professors in the W.

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KORE will get conditional OK for $850M U.S. mortgage for EV battery plant

Baua Electric

This system now trade in $412 billion in low-interest loans to firms onshoring the build of fuel-efficient automobiles and their elements. Conventional carmakers like Ford and Nissan have additionally borrowed from the federal program to finance the build-out of amenities generating fuel-efficient automobiles.