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

Green Car Congress

Cost per ton of carbon reduced. billion program provided a short-term boost in vehicle sales; however, some of these sales were pulled forward (or borrowed) from sales that would have occurred in the future in the absence of the program. The program resulted in a reduction of carbon dioxide emissions of only 8.58 million, or 0.7

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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. Conservative estimates resulted in an implied carbon cost exceeding $365 per ton, and more likely scenarios produced a cost of more than $500 per ton. However, the.

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The Ins and Outs of Scrap Car Recycling

Clean Fleet Report

Unbeknownst to many, manufacturing new automobiles exacts a toll on our ecosystem—increased energy consumption and escalating greenhouse gas emissions further exacerbate the situation. It offers redemption by curtailing the release of harmful substances and reducing the carbon footprint.

Cars 82
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries.

Economy 52