Why
Electric Cars Are Our Future
Huffington Post – best explanation I’ve heard yet by Bill Destler, President, Rochester Institute of Technology
Huffington Post – best explanation I’ve heard yet by Bill Destler, President, Rochester Institute of Technology
First-generation electric vehicles such as the Chevy
Volt and Nissan
Leaf have failed to gain significant market share in their first two
years of availability, and many have concluded that they are not the future of
personal transportation, either in the U.S. or elsewhere. Nevertheless, despite
this widespread skepticism, other carmakers are rolling out new electric
vehicles on a regular basis, including Ford, Tesla, Mitsubishi, Volvo, and BMW,
among others.
Why? Because a careful analysis reveals that there are
fundamental reasons that will drive manufacturers and consumers inevitably to
electric vehicles in the years ahead, reasons that the public in general is
unaware of. So here are a few of the reasons that I have learned that lead me
to believe that within 50 years a majority of our cars will be equipped with
electric drivetrains.
1. Electric vehicles are inherently more efficient at
turning energy into miles driven. Most people do not realize this, but electric
drivetrains are much more efficient than internal combustion
engine (ICE) drivetrains (about 75% vs 25%, in fact). In fact, there is little
hope that ICE drivetrains could ever compete with electric drivetrains in terms
of efficiency. Why are ICE drivetrains so inefficient? There are many reasons,
including heat losses and inertial losses of various kinds, but ICE's are also
thermodynamic systems with efficiencies limited by the heat cycle they operate
under. Engineers have done amazing work in improving the efficiency of gas-powered
cars, but they are up against fundamental limits. In contrast, a Nissan Leaf or
a Chevy Volt can go about 40 miles on 11 Kilowatt-hours (KWH) of electricity,
the energy equivalent of a third of a gallon of gasoline. And since the
national average
cost per KWH for electricity is only $0.11, this performance
translates cost-wise into the equivalent of more than 120 miles per gallon.
Links:
Low
Income Households Have Expenses More Than Twice Their Income Economic
Populist
Golden
Dawn Opens New York Office USA Greek Reporter
Pension
Dilemma in Europe’s Debt Crisis NY Times.
Rethinking
Robert Rubin Businessweek
Fed
Watch: Is Low Inflation Always Good? Economist’s View
The
economics of video games WaPo. MMORPGs hiring economists. What could go
wrong?
Why
an Islamic Revolution in Saudi Arabia Is a Surefire Way to Send Oil to $300 a
Barrel Testosterone Pit
Obamanomics:
A Counterhistory David Leonhardt, Times.
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