Remove Cash For Clunkers Remove Emissions Remove Stimulus Remove Tax
article thumbnail

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

Green Car Congress

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. The program resulted in a reduction of carbon dioxide emissions of only 8.58 Emissions Fuel Efficiency Policy' Cost per job created.

article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Germany’s auto industry and senior officials have called for another “cash for clunkers” program , an initiative that would boost the demand for more sustainable vehicles by offering monetary incentives for people that scrap their fuel-inefficient cars. California and 14 other states, which make up more than ? of the U.S.

Economy 52