gasoline

The Wall Street Journal has a piece today called “Cash for Clunkers: An Expensive Environmental Fix,” which argues that despite its bigger-than-expected environmental benefits, the soon-to-be-renewed vehicle upgrade program is a costly way to cut carbon emissions. The author writes that the effective price per ton of carbon emissions reduced is between $160 and $475 [...]

It’s not just the government that’s considering bailing out the auto industry. Several utilities executives are considering ordering thousands of plug-in electric cars.