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Gas-Powered Vehicle Scrappage Exchange Programs Inspire More EV Sales

To accelerate the transition of passenger vehicles to electric vehicles (EVs), US senator Chuck Schumer proposed a Clean Cars for America plan in 2019, which outlined a policy that would link an EV purchase subsidy with a vehicle scrappage requirement. Linking a new vehicle purchase choice with a used vehicle scrappage requirement had been adopted before to speed up auto stock turnover. The most memorable of these was the Cash for Clunkers program, which provided cash vouchers for buyers of new cars who chose relatively fuel efficient new vehicles and provided sufficiently low fuel economy used gasoline vehicles to scrap.

 

Carolyn Fortuna

 

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