US policymakers are rolling out big incentives for electric vehicle buyers who surrender a gas-powered model, advancing efforts to cancel carbon emissions.
In my country they increased taxes on ice cars (new , as well as part of insurance is ice engine tax , and there is a co2 tax on petrol/diesel). Together with small EV incentives the EV gets cheaper especially when driving a lot or looking at the longer TCO (inspection, service, running costs)
I know cash for clunkers wasn’t a big hit with a lot people, but it wasn’t unlimited. Didn’t it too out at $4,500 and wasn’t that a bit tiered? What idiot wouldn’t have taken their car to somewhere like Carmax for a quote. Or a dealer actually look up the KBB price of a car before scrapping it? If it was worth more than the credit, it would have been silly to put it in the program. Now, I also remember people towing in non running POS’s and getting the credit, so that was a wash.
Sure, it took some used cars off the road, but I think it was the very bottom tier anyway. If you were in the rust belt, that car didn’t have much life left in it anyway.
Cash for clunkers scheme destroyed the used car market.
In my country they increased taxes on ice cars (new , as well as part of insurance is ice engine tax , and there is a co2 tax on petrol/diesel). Together with small EV incentives the EV gets cheaper especially when driving a lot or looking at the longer TCO (inspection, service, running costs)
I know cash for clunkers wasn’t a big hit with a lot people, but it wasn’t unlimited. Didn’t it too out at $4,500 and wasn’t that a bit tiered? What idiot wouldn’t have taken their car to somewhere like Carmax for a quote. Or a dealer actually look up the KBB price of a car before scrapping it? If it was worth more than the credit, it would have been silly to put it in the program. Now, I also remember people towing in non running POS’s and getting the credit, so that was a wash.
Sure, it took some used cars off the road, but I think it was the very bottom tier anyway. If you were in the rust belt, that car didn’t have much life left in it anyway.