Accelerated Vehicle Retirement Programs in Japan and South Korea: Background for Congress

Description:

This report discusses the accelerated vehicle retirement (AVR) programs initiated in 2009 by the United States, Japan, South Korea, and other industrial nations (commonly known in the U.S. as the "cash for clunkers" program). The U.S. program began in June 2009, when President Obama signed the Consumer Assistance to Recycle and Save (CARS) Act. The report discusses how these various AVR programs affected the automobile industries in the U.S., Japan, and South Korea, specifically. Neither Japan nor South Korea imports large numbers of foreign vehicles, a circumstance not much altered by AVR program implementation.

Creator(s):
Location(s):
Creation Date: October 26, 2010
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Canis, Bill

Specialist in Industrial Organization and Business

Creator (Author):
Grimmett, Jeanne J.

Legislative Attorney

Creator (Author):
Platzer, Michaela D.

Specialist in Industrial Organization and Business

Creator (Author):
Yacobucci, Brent D.

Specialist in Energy and Environmental Policy

Publisher Info:
Place of Publication: Washington, D.C.
Date(s):
  • Creation: October 26, 2010
Coverage:
Place
Japan
Place
South Korea
Description:

This report discusses the accelerated vehicle retirement (AVR) programs initiated in 2009 by the United States, Japan, South Korea, and other industrial nations (commonly known in the U.S. as the "cash for clunkers" program). The U.S. program began in June 2009, when President Obama signed the Consumer Assistance to Recycle and Save (CARS) Act. The report discusses how these various AVR programs affected the automobile industries in the U.S., Japan, and South Korea, specifically. Neither Japan nor South Korea imports large numbers of foreign vehicles, a circumstance not much altered by AVR program implementation.

Physical Description:

28 pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text