Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Electric vehicles promise economic benefits in the billions

03.07.2003


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: http://www.rit.edu/news and click on "RIT Experts."

Susan Murphy | EurekAlert!
Further information:
http://www.rit.edu/
http://www.rit.edu/news

More articles from Transportation and Logistics:

nachricht From parking garage to smart multi-purpose garage
19.07.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Efficient and intelligent: Drones get to grips with planning the delivery of goods
12.07.2017 | Alpen-Adria-Universität Klagenfurt

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: Manipulating Electron Spins Without Loss of Information

Physicists have developed a new technique that uses electrical voltages to control the electron spin on a chip. The newly-developed method provides protection from spin decay, meaning that the contained information can be maintained and transmitted over comparatively large distances, as has been demonstrated by a team from the University of Basel’s Department of Physics and the Swiss Nanoscience Institute. The results have been published in Physical Review X.

For several years, researchers have been trying to use the spin of an electron to store and transmit information. The spin of each electron is always coupled...

Im Focus: The proton precisely weighted

What is the mass of a proton? Scientists from Germany and Japan successfully did an important step towards the most exact knowledge of this fundamental constant. By means of precision measurements on a single proton, they could improve the precision by a factor of three and also correct the existing value.

To determine the mass of a single proton still more accurate – a group of physicists led by Klaus Blaum and Sven Sturm of the Max Planck Institute for Nuclear...

Im Focus: On the way to a biological alternative

A bacterial enzyme enables reactions that open up alternatives to key industrial chemical processes

The research team of Prof. Dr. Oliver Einsle at the University of Freiburg's Institute of Biochemistry has long been exploring the functioning of nitrogenase....

Im Focus: The 1 trillion tonne iceberg

Larsen C Ice Shelf rift finally breaks through

A one trillion tonne iceberg - one of the biggest ever recorded -- has calved away from the Larsen C Ice Shelf in Antarctica, after a rift in the ice,...

Im Focus: Laser-cooled ions contribute to better understanding of friction

Physics supports biology: Researchers from PTB have developed a model system to investigate friction phenomena with atomic precision

Friction: what you want from car brakes, otherwise rather a nuisance. In any case, it is useful to know as precisely as possible how friction phenomena arise –...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Closing the Sustainability Circle: Protection of Food with Biobased Materials

21.07.2017 | Event News

»We are bringing Additive Manufacturing to SMEs«

19.07.2017 | Event News

The technology with a feel for feelings

12.07.2017 | Event News

 
Latest News

NASA looks to solar eclipse to help understand Earth's energy system

21.07.2017 | Earth Sciences

Stanford researchers develop a new type of soft, growing robot

21.07.2017 | Power and Electrical Engineering

Vortex photons from electrons in circular motion

21.07.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>