Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:


Electric vehicles promise economic benefits in the billions


RIT study analyzes impacts of future transportation

Move over gas-guzzlers. The year is 2025 and 50 percent of all vehicles are electrically powered. Hybrid electrics, pure electrics and fuel cell vehicles share the road with the conventional gasoline-driven variety.

A recent study by James Winebrake, chair of public policy at Rochester Institute of Technology, analyzed this hypothetical transportation future and found economic benefits exceeding billions of dollars annually.

Winebrake’s study, published in the spring issue of Futures Research Quarterly, assessed impacts on U.S. gross domestic product, trade and labor, as well as impacts on fuel cycle emissions. Results were compared with the U.S. Department of Energy’s more conservative forecasts.

"Based on the scenario we looked at, the transfer of dollars from oil imports to domestic fuels--namely electricity--generates higher GDP, labor and reduced trade deficit," Winebrake says. "We estimate a GDP impact of about $40 billion annually due to this transfer."

Winebrake adds: "The aggressive electric-drive vehicle scenario is not a prediction, but allows us to identify the benefits of a future transportation sector that includes electricity. In the end we think electric drive vehicles are where the vehicle industry is headed and we wanted to get a sense of the potential impacts due to this shift."

The study was conducted for the Electric Power Research Institute, a non-profit organization affiliated with the electric power industry.

For breaking news stories, hot-topic trend pieces and interesting perspectives, visit Rochester Institute of Technology’s news site and online experts database. To connect with RIT subject matter experts, searchable by name and expertise, go to: and click on "RIT Experts."

Susan Murphy | EurekAlert!
Further information:

More articles from Transportation and Logistics:

nachricht Study sets new distance record for medical drone transport
13.09.2017 | Johns Hopkins Medicine

nachricht Researchers 'count cars' -- literally -- to find a better way to control heavy traffic
10.08.2017 | Florida Atlantic University

All articles from Transportation and Logistics >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Locomotion control with photopigments

Researchers from Göttingen University discover additional function of opsins

Animal photoreceptors capture light with photopigments. Researchers from the University of Göttingen have now discovered that these photopigments fulfill an...

Im Focus: Surveying the Arctic: Tracking down carbon particles

Researchers embark on aerial campaign over Northeast Greenland

On 15 March, the AWI research aeroplane Polar 5 will depart for Greenland. Concentrating on the furthest northeast region of the island, an international team...

Im Focus: Unique Insights into the Antarctic Ice Shelf System

Data collected on ocean-ice interactions in the little-researched regions of the far south

The world’s second-largest ice shelf was the destination for a Polarstern expedition that ended in Punta Arenas, Chile on 14th March 2018. Oceanographers from...

Im Focus: ILA 2018: Laser alternative to hexavalent chromium coating

At the 2018 ILA Berlin Air Show from April 25–29, the Fraunhofer Institute for Laser Technology ILT is showcasing extreme high-speed Laser Material Deposition (EHLA): A video documents how for metal components that are highly loaded, EHLA has already proved itself as an alternative to hard chrome plating, which is now allowed only under special conditions.

When the EU restricted the use of hexavalent chromium compounds to special applications requiring authorization, the move prompted a rethink in the surface...

Im Focus: Radar for navigation support from autonomous flying drones

At the ILA Berlin, hall 4, booth 202, Fraunhofer FHR will present two radar sensors for navigation support of drones. The sensors are valuable components in the implementation of autonomous flying drones: they function as obstacle detectors to prevent collisions. Radar sensors also operate reliably in restricted visibility, e.g. in foggy or dusty conditions. Due to their ability to measure distances with high precision, the radar sensors can also be used as altimeters when other sources of information such as barometers or GPS are not available or cannot operate optimally.

Drones play an increasingly important role in the area of logistics and services. Well-known logistic companies place great hope in these compact, aerial...

All Focus news of the innovation-report >>>



Industry & Economy
Event News

Ultrafast Wireless and Chip Design at the DATE Conference in Dresden

16.03.2018 | Event News

International Tinnitus Conference of the Tinnitus Research Initiative in Regensburg

13.03.2018 | Event News

International Virtual Reality Conference “IEEE VR 2018” comes to Reutlingen, Germany

08.03.2018 | Event News

Latest News

Wandering greenhouse gas

16.03.2018 | Earth Sciences

'Frequency combs' ID chemicals within the mid-infrared spectral region

16.03.2018 | Physics and Astronomy

Biologists unravel another mystery of what makes DNA go 'loopy'

16.03.2018 | Life Sciences

Science & Research
Overview of more VideoLinks >>>