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. His analysis, titled “The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program,” was published online 13 August by the University of California Energy Institute.

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 Program In China Will Boost Electric Car Industry As EU Tariffs Bite

CleanTechnica EVs

The cash for clunkers program in China is designed to get more people to buy an electric car and trade in a gas hog at the same time. The post Cash For Clunkers Program In China Will Boost Electric Car Industry As EU Tariffs Bite appeared first on CleanTechnica.

article thumbnail

Commentary: Emissions–not gas mileage–should be foundation for Cash for Clunkers reboot

Green Car Reports

Back in 2009, the $3 billion Cash for Clunkers program, or Car Allowance Rebate System (CARS), offered $3,500 to $4,500 for older vehicles up to 25 years old regardless of the condition provided consumers replaced it with a new, more fuel-efficient one.

article thumbnail

$2B Cash for Clunkers Supplement Signed Into Law; Funding Taken from Renewable Energy Loan Guarantee Program

Green Car Congress

3435 , which provides $2 billion FY 2009 emergency supplemental appropriations for the Consumer Assistance to Recycle and Save Program (Cash-for-Clunkers, C4C). On Friday, President Obama signed into law H.R. Edmunds.com calculated the Seasonally Adjusted Annualized Rate (SAAR) of auto sales in the last week of July surged to 19.6

article thumbnail

Would a Cash for Clunkers program speed up electric vehicle adoption?

Electrek

A Cash for Clunkers program would see EV buyers retire their gas cars for a cash incentive rather than a trade-in. The post Would a Cash for Clunkers program speed up electric vehicle adoption? Would it be more effective?

article thumbnail

Cash for Clunkers Buoys US Auto Sales; Hybrid Sales Up 31.8% for Monthly New Vehicle Share of 3.55%

Green Car Congress

Buoyed by the US government’s CARS (“Cash for Clunkers”) program, US auto sales slowed their decline in the US in July, dropping on 12.1% Some highlights: The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19,173 units, up 29.7% Monthly new vehicle market share for hybrids. Click to enlarge.