Tuesday, May 27, 2008

Green Vehicles


I just read a fascinating article that analyzed the cost of replacing all gas powered vehicles in America with electric ones. Here's a brief excerpt from that article:

"Instead of sending $400 billion each year to countries such as Saudi Arabia and Venezuela, we could spend it on electric car production in the U.S., Mexico, and China. At current oil prices, it wouldn’t cost us a dime extra to stop importing and burning oil for passenger cars. In fact, if the goal were to end up with the same number of cars on the road, we would have a few trillion dollars left over. One or two trillion dollars would be sufficient to build nuclear, solar, or wind electric power plants to replace all of our plants that currently burn coal and oil (note that less than 1 percent of current electricity generation in the U.S. is from oil (source); most electricity that we use today is from coal, natural gas, or nuclear)."

Isn't it crazy how much money we spend on importing oil? Can we get free prius' please?? By the way, the picture above is apparently the 2009 model of the Toyota Prius. Please let it not be so!!

For the full article: Cost of Converting Entire US to Electric Cars? Zero!


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