Green Car Congress
NOVEMBER 3, 2013
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. In the event of a future economic recession, we would not recommend repeating the CARS program. —Gayer and Parker brief.
Green Car Congress
MARCH 25, 2019
The Car Allowance Rebate System, which cost the government $3 billion and was dubbed “Cash for Clunkers,” was so popular that it ran for only a few weeks in the summer before running out of money. —Michael Wiles, an associate professor of marketing. Their paper is published in the Journal of Marketing.
Green Car Congress
OCTOBER 5, 2009
In the aftermath of the summer sales boom fueled by the US Cash for Clunkers program, September 2009 light duty vehicles sales dropped back to pre-incentive lows. New vehicle market share for reported hybrid sales in September dropped back down to 2.7% Hybrid new vehicle market share by month. Click to enlarge.
Green Car Congress
AUGUST 4, 2009
Monthly new vehicle market share for hybrids. 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% year-on-year to 35,429 units, representing a 3.55% new vehicle sales market share for the month—the highest monthly share yet.
Green Car Congress
SEPTEMBER 2, 2009
Market share of reported hybrid sales in the US. Buoyed by the extension of the US Cash for Clunkers (CARS) program, as well as the availability of more hybrid models on the market, reported sales of hybrids in the US jumped 48.6% In July, the new market share of reported hybrid sales had reached 3.55%. to 535,043.
Green Car Congress
OCTOBER 22, 2009
Gasoline cars account for 85% of cars bought through the scrappage scheme, a higher proportion than in the overall market (39.9%) between May and September. New cars bought through the scheme had average CO 2 emissions of 131.1 g/km CO 2 , 27.4% below the average CO 2 (181.9 g/km CO 2 ) of the scrapped cars.
Green Car Congress
NOVEMBER 6, 2020
IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. By 2026, IHS Markit forecasts the global market for automotive semiconductors to reach $67.6
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