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Dingell, Congresswoman Betty Sutton, Congressman Jay Inslee, and Congressman Bart Stupak reached an agreement on a “Cash for Clunkers” scrappage program. The agreement divides these new cars and trucks into four categories: Passenger Cars: The old vehicle must get less than 18 mpg. Waxman, Subcommittee Chairman Edward J.
In the legislation, new car purchases that qualify for this incentive must achieve a minimum of 27 mpg US (8.7 L/100km) on highways, while new trucks must achieve a minimum of 24 mpg (9.8 Sutton’s Consumer Assistance to Recycle and Save (CARS) Act ( H.R. L/100km) for highway driving.
A study by researchers at UC Davis suggests that a properly designed vehicle scrappage (i.e., An earlier, separate study by UC Davis transportation economist Christopher Knittel concluded that the US scrappage program paid nearly 10 times the projected price of carbon credits per ton in the best-case scenario to reduce GHG emissions.
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. Our verdict – green shoots should not be ignored.
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