An article from 24/7 Wall St. reported that owners of electric vehicles (EVs) can save as much as $10,000 more than those who own gas-powered vehicles. EV owners reportedly save money on fuel, maintenance, repairs and depreciation, as well as receive financial incentives from the federal government for making such an environmentally conscious purchase.
A survey from the Pew Research Center found that more than half (52%) of those polled believe the U.S. government isn’t doing enough on climate change. When asked what they would like to see done, 71% said they want the government to impose tougher fuel-efficiency standards for all vehicles.
The California Air Resources Board (CARB) recently finalized an agreement with a group of automakers to reduce emissions within the Golden State. Ford Motor Co., Volkswagen AG, Honda Motor Co. and BMW AG initially entered into an agreement with CARB in July 2019. Volvo Cars later joined in, also finalizing its agreement on August 17.
A recent study from IHS Markit showed that, despite a growing number of older vehicles on the road, the scrappage rate went up last year. In 2019, the scrappage rate was 5.1%, compared to 4.6% in 2016 and 4.2% in 2009.
The New York State Public Service Commission (PSC) recently approved a $750 million initiative to speed up the construction of 50,000 charging stations throughout the state by the year 2025 as part of Governor Andrew Cuomo’s “Make Ready” order. The governor’s initiative also calls for $4.4 million in spending for an additional 4,650 charging stations on Long Island that would charge up to 188,000 electric vehicles (EVs) islandwide within five years.
If you are on the road and your old vehicle stops running, you may want to just get out of your junk car and leave it on the side of the road or with an auto repair shop. Many people have done so, but they don’t know they are missing out on an opportunity to get money for their junk cars.
People think they are saving money when they buy a used car. Sure, it’s cheaper than buying a new car, but what they may not know is that owning an older car will become more expensive in the long run.
You may know that, by bringing your junk car to Gershow, you preserve the environment because you are taking off the road a vehicle that uses too much fuel and emits a disproportionate amount of carbon monoxide into the air. But did you know these facts?
Selling your junk car is not only good for your wallet but has a positive impact on the environment. When you sell or junk a used car, salvaged parts can be used on older cars, while others are recycled and the metals used to create new steel, copper, brass, aluminum and other products.