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 Laser rescue system for serious accidents
29.11.2016 | Laser Zentrum Hannover e.V.

nachricht Bremen University students reach the final at robotics competition with parcel delivery robot
19.10.2016 | BIBA - Bremer Institut für Produktion und Logistik

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: Electron highway inside crystal

Physicists of the University of Würzburg have made an astonishing discovery in a specific type of topological insulators. The effect is due to the structure of the materials used. The researchers have now published their work in the journal Science.

Topological insulators are currently the hot topic in physics according to the newspaper Neue Zürcher Zeitung. Only a few weeks ago, their importance was...

Im Focus: Significantly more productivity in USP lasers

In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.

Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...

Im Focus: Shape matters when light meets atom

Mapping the interaction of a single atom with a single photon may inform design of quantum devices

Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

Researchers identify potentially druggable mutant p53 proteins that promote cancer growth

09.12.2016 | Life Sciences

Scientists produce a new roadmap for guiding development & conservation in the Amazon

09.12.2016 | Ecology, The Environment and Conservation

Satellites, airport visibility readings shed light on troops' exposure to air pollution

09.12.2016 | Health and Medicine

VideoLinks
B2B-VideoLinks
More VideoLinks >>>