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...would work this well - more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were a bit wary of cash for clunkers at the outset, concerned that the legislation's requirements on fuel economy were too lax. Under the program, newly purchased passenger cars must have a minimum fuel-economy rating of 22 miles per gallon - hardly superefficient - and they need to be only 4 m.p.g. more efficient than the clunker being traded in to trigger the $3,500 credit...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...initial data released by Department of Transportation, however, shows that so far cash for clunkers has been a green success. The clunkers averaged 15.8 m.p.g., compared with 25.4 m.p.g. for the new vehicles purchased, for an average fuel-economy increase of 61%. On the whole, American drivers are trading in inefficient trucks and SUVs for much more efficient passenger cars. Car manufacturers like Nissan are already retooling some models to improve their fuel economy so they can qualify for the credits. The early numbers were enough to convince California Senator Dianne Feinstein to go from criticizing cash for clunkers...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...truck that adds greenhouse-gas emissions into the atmosphere - it's burning gasoline. There's no denying that it's beneficial for Americans to climb out of their clunkers and into more efficient cars, but what happens if drivers take advantage of the lowered cost of their fuel bill by driving more? The environmental benefits of cash for clunkers goes up in smoke. (Read "Obama to Tighten Fuel-Economy Standards...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...address the emissions problem directly, we need to look at fuel, not Fords: institute carbon taxes that raise the price of gas. We already know that higher gas prices discourage driving and reduce greenhouse-gas emissions - total vehicle miles traveled in the U.S. declined 3.6% in 2008 compared with the previous year, thanks largely to the sky-high price of gas for much of 2008. (The recession didn't help, but sharp declines in driving began well before the bottom dropped out of the economy.) As gas prices have fallen in 2009, however, driving has begun to tick back...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...calls "zero-emission mobility." In the U.S., Nissan and its French partner, Renault, are joining forces with Better Place, which is developing a system of EV service stations where battery packs can be quickly replaced instead of recharged, making "fill-ups" no more time-consuming than topping up fuel tanks with gas. Nissan also has a tie with Europcar, a car-rental company, to roll out EVs throughout European countries including France, Germany, Belgium, Spain, Italy and the U.K. from 2010. And the Renault-Nissan alliance has an agreement with Monaco to develop a charging network there over the next...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

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