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It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in greencars? Honda too has pinned its recovery hopes on greencars, pushing both hybrid and hydrogen fuel cell technology. Averting a slump. per cent compared to the same time last year and, at Y7.56
The scrappage scheme announced as part of the Budget last week, could be more popular than the government expects according to the Insistute of Fiscal Studies (IFS). While new cars have lower emissions per mile, they may be driven more and there are environmental costs associated with their production. This will mean fewer sales later.
The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. So is this scheme green at all?
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