article thumbnail

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

Green Car Congress

Cost per ton of carbon reduced. The program resulted in a reduction of carbon dioxide emissions of only 8.58 While the program did accomplish both of its goals of stimulating the automobile market and decreasing carbon emissions, there are more cost effective policy proposals to achieve these objectives. Cost per job created.

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. 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.

article thumbnail

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

Green Car Congress

Cash for Clunkers”) program could maximize greenhouse gas emissions savings by using fuel-economy based eligibility requirements rather than age-based requirements. Alexander Allan, Rachel Carpenter and Geoff Morrison (2009) Abating Greenhouse Gas Emissions through Cash-for-Clunker Programs ( UCD-ITS-RR-09-26 ).

article thumbnail

Cash For Clunkers: Modern Electric Vehicle Variant An Obvious Climate Policy

CleanTechnica EVs

For example, [continued] The post Cash For Clunkers: Modern Electric Vehicle Variant An Obvious Climate Policy appeared first on CleanTechnica.

article thumbnail

UK Scrappage Scheme Encouraging Shift to Smaller, Fuel-Efficient Cars

Green Car Congress

The new vehicle purchased must be a car or small van weighing up to 3,500 kg first registered in the UK on or after mid-May 2009, The switch to greener cars as a result of the UK scrappage scheme echoes the pattern set by the US “cash-for-clunkers” scheme, which saw SUVs and pick-up trucks account for 83% of the most-traded cars.

Scrappage 186
article thumbnail

Cash for clunkers repeat? Report says: NO

Green Cars News

At the height of the recession in 2008-2009, the Car Allowance Rebate System (CARS), also known as the "cash for clunkers" program (a similar concept was launched in the UK known as the scrappage scheme) was introduced in the USA to drive new sales and reduce carbon dioxide emissions. However, a new[.]. Latest News Green cars'

article thumbnail

New Zealand Is Becoming The Norway Of The Pacific

CleanTechnica EVs

Government rebates, cash for clunkers programs, and congestion fees? New Zealand is doing a lot of things right!