The federal government’s popular (albeit controversial) “Cash for Clunkers” program may be on the verge of collapse amid rumors that the money has run out already. The program has only been up and running for a week. It was initially conceived as a way to help the auto industry get through its current economic struggles. The program was met ...

For those that have been following our coverage on the Cash for Clunkers program, also known as the Car Allowance Rebate System (CARS) - there was a recent update to the list of cars that are eligible for the rebate. As a result the mileage rates for approximately 100 older vehicles have changed, rendering many as ineligible. The changes were a ...

The Cash For Clunkers stimulus program starts today**! Officially known as Car Allowance Rebate System (CARS), the federal program was officially signed into law today by President Obama. The CARS program, modeled after similar successful European initiatives, is intended to encourage drivers to trade in their older, less fuel efficient vehicles ...

Exxon Mobil, it seems, has come a long way from the days when its CEO dismissively referred to alternative fuel sources, particularly ethanol, as ''moonshine.''The company is set to pump some $600 million into a biofuel initiative in cooperation with Synthetic Genomics, a leading biotechnology company founded by J. Craig Ventner, one of the ...

The United States Senate has officially passed a $1 billion program that’s being called “Cash for Clunkers.” The program gives owners of cars that get less than 18 miles per gallon (in other words, terrible gas mileage) the opportunity to turn in their vehicles for a cash voucher of $3,500 or $4,500. The proposed bill was almost defeated by ...

The largest automaker in India is set to revolutionize the way we travel…maybe. If Tata Motors delivers on its promise, the world’s first commercial air-powered automobile will be a reality, in the words of company spokespeople, “sooner rather than later.” Tata has planned several models, one of which is the CityCAT. The company claims that the ...

It’s no surprise that air travel contributes to global warming (currently about 3 percent of US total emissions), but scientists predict that these levels could triple by 2050. This statistic has prompted aircraft manufacturers and airlines like Boeing, Virgin, New Zealand Air, Japan Airlines and GE Aircrafts to test new aviation ...

Some encouraging statistics emerged from U.S. environmental data recently, as carbon dioxide emissions related to energy use dropped 2.8 percent for the year 2008. If the estimate, released by the Energy Information Administration, is accurate, it would represent the single largest annual decline in carbon dioxide output since 1982. Analysts ...

Surrounded by auto workers and executives, President Barack Obama announced a new national emissions standard today, ending several weeks of speculation. The new standard is right in line with California’s, the nation’s most strict emissions standard. The New York Times is reporting that the new fuel economy standard will be 42 MPG. What this ...

It’s pretty clear that we, as a nation, need to reduce our reliance on gasoline. How can we accomplish this? One answer that frequently gets discussed is raising the price of gas (which would be accomplished by taxing it more heavily). In Europe, gas prices are more than double the prices paid by Americans. It seems to work, because Europeans use ...