GayandRight

My name is Fred and I am a gay conservative living in Ottawa. This blog supports limited government, the right of the State of Israel to live in peace and security, and tries to expose the threat to us all from cultural relativism, post-modernism, and radical Islam. I am also the founder of the Free Thinking Film Society in Ottawa (www.freethinkingfilms.com)

Tuesday, January 20, 2009

Over $140 billion needed for electric car industry...

It's not viable...so we have to throw money at it...
Electric cars have a big role to play in reducing the world's greenhouse gas emissions, but it's going to cost a lot, according to a new report. It could even push automakers into further trouble.

For electric and hybrid vehicles to achieve their environmental potential, the world's governments will need to step in with high levels of financial support for consumers and industry, according to a report by the Boston Consulting Group, a management consulting firm. And the cost savings in fuel won't be nearly enough to provide the incentive without that government cash.

Electric vehicles could realistically make up a significant fraction of the world's car market in the foreseeable future, but not nearly a majority, according to BCG. "The costs of creating an automotive market dominated by electric and hybrid cars are prohibitively high," said the report.

Under what BCG calls the "most likely" scenario - where oil costs about $150 a barrel and governments enforce existing CO2 regulations - about 11 million hybrid and 3 million electric vehicles will be sold globally in 2020. Even then, they will make up just 28% of those sold in the word's biggest markets.

But even that level of market penetration will require governments in Europe alone to spend about $70 billion in industry support, BCG said. In return, a relatively small amount - about $6 billion - would be saved by switching vehicles from oil-based fuel to electricity.

The numbers would be similar for the United States, said Xavier Mosquet, one of the report's authors.

3 Comments:

Anonymous Anonymous said...

The Politicians will NOT tell you how much energy is needed to make these cars and keep them running because IF the electricity come from the Air as free, then I'm all for it .

But McGuinty is embracing Power-Station because they can control it and Tax it or hire more Union jobs to build and repair them.

Just wait until the Strikes start shutting down the power Stations
and people have no choice but to cave into the CUPE thugs who now support Hamas and want to ban Jews from employment on Publically funded schools.

BTW
John Moore from CFRB had to dump his $40'000.00 Audi to look like the ECO-friendly follower of the Church of Al Gore, John bought a Bicycle but didn't research the Carbon Footprint for the energy it took to make it and ship it by Cargo ship from China .
Nor did John think about the Oil and grease lubricants to keep it going and the rubber dust that clogs the lungs , and that rubber dust has killed many plants on the shoulders of highways but nobody likes to do REAL research to see how the solution does more damage than the problem.

John Moore will NOT look at the massive Carbon Footprint made by the Movie industry that eats Electricity and still explodes gasoline for special effects in action movies , or the Diesel power trucks running endlessly on set for the SuperStars to have a dressing room away from the lowly peons and extras.

11:03 AM  
Anonymous Anonymous said...

public funded schools? which ones we never hear about them as US citizens and only have to pay for all our education.

2:10 AM  
Anonymous Anonymous said...

Gays have rights light of god is for all not for one. Almost all my friends are gay. And they are the greatest supporters of all as well as they want to be supported they should also have an open mind to all the news not a selected few. God Bless America , not religion.

2:15 AM  

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