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 Tool helps cities to plan electric bus routes, and calculate the benefits
09.01.2017 | International Institute for Applied Systems Analysis (IIASA)

nachricht Realistic training for extreme flight conditions
28.12.2016 | Technical University of Munich (TUM)

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: Breakthrough with a chain of gold atoms

In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport

In the field of nanoscience, an international team of physicists with participants from Konstanz has achieved a breakthrough in understanding heat transport

Im Focus: DNA repair: a new letter in the cell alphabet

Results reveal how discoveries may be hidden in scientific “blind spots”

Cells need to repair damaged DNA in our genes to prevent the development of cancer and other diseases. Our cells therefore activate and send “repair-proteins”...

Im Focus: Dresdner scientists print tomorrow’s world

The Fraunhofer IWS Dresden and Technische Universität Dresden inaugurated their jointly operated Center for Additive Manufacturing Dresden (AMCD) with a festive ceremony on February 7, 2017. Scientists from various disciplines perform research on materials, additive manufacturing processes and innovative technologies, which build up components in a layer by layer process. This technology opens up new horizons for component design and combinations of functions. For example during fabrication, electrical conductors and sensors are already able to be additively manufactured into components. They provide information about stress conditions of a product during operation.

The 3D-printing technology, or additive manufacturing as it is often called, has long made the step out of scientific research laboratories into industrial...

Im Focus: Mimicking nature's cellular architectures via 3-D printing

Research offers new level of control over the structure of 3-D printed materials

Nature does amazing things with limited design materials. Grass, for example, can support its own weight, resist strong wind loads, and recover after being...

Im Focus: Three Magnetic States for Each Hole

Nanometer-scale magnetic perforated grids could create new possibilities for computing. Together with international colleagues, scientists from the Helmholtz Zentrum Dresden-Rossendorf (HZDR) have shown how a cobalt grid can be reliably programmed at room temperature. In addition they discovered that for every hole ("antidot") three magnetic states can be configured. The results have been published in the journal "Scientific Reports".

Physicist Dr. Rantej Bali from the HZDR, together with scientists from Singapore and Australia, designed a special grid structure in a thin layer of cobalt in...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Booth and panel discussion – The Lindau Nobel Laureate Meetings at the AAAS 2017 Annual Meeting

13.02.2017 | Event News

Complex Loading versus Hidden Reserves

10.02.2017 | Event News

International Conference on Crystal Growth in Freiburg

09.02.2017 | Event News

 
Latest News

Stingless bees have their nests protected by soldiers

24.02.2017 | Life Sciences

New risk factors for anxiety disorders

24.02.2017 | Life Sciences

MWC 2017: 5G Capital Berlin

24.02.2017 | Trade Fair News

VideoLinks
B2B-VideoLinks
More VideoLinks >>>