Remove Automobile Remove Cash For Clunkers Remove Davis
article thumbnail

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. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. However, the. However, the.

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., Cash for Clunkers”) program could maximize greenhouse gas emissions savings by using fuel-economy based eligibility requirements rather than age-based requirements. Earlier post.).

article thumbnail

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.