Electric Cars Specific Cards

Electric Cars Specific Cards

VC high in electric cars now

“Green Energy Has Clear Winners And Losers In 2011,” http://www.cnbc.com/id/44716931

New investment is key in this diverse, capital-intensive sector, and despite a somewhat sluggish global economy, venture capital is finding plenty of opportunity in clean tech. The year 2010 was a record, with $7.8 billion invested globally, according to the closely followed data of Cleantech Group. More recently, some $2.23 billion was invested across 189 deals in the third quarter. That's 12 percent more than the previous quarter. What's more, 59 percent of those deals involved second or later rounds of financing, an indication that the companies involved were living up to expectations. The sector's dynamism, however, may be best reflected in the gravitation of investment capital. For the first time, energy storage received the most venture capital ($514 million), displacing solar ($350 million). Solar also lost the No. 1 spot in deal volume. Energy efficiency was the most popular area, with 34 funding rounds. Energy storage (e.g. batteries) — considered something of a silver bullet — still presents sizable technological hurdles, while efficiency is now clearly the low-cost, plain vanilla version of clean tech. This rotation of sorts is commonplace in maturing industries. Still, to mark our annual November "Green Is Universal" Week , we decided to take a broader view — wrapping in other developments in the alternative energy sector this year — to create our "Winners & Losers" special report. By no coincidence energy efficiency and storage, specifically electric cars, along with the booming recycling business, are our three winners.

That solves oil

“Mike Granoff, head of oil independence policies, Better Place,” http://www.guardian.co.uk/activate/mike-granoff-electric-cars-oil-independence

Solves economy, oil and dependence

Mincer 11

Shifra, “Electrifying Transportation,” http://energy.aol.com/2011/05/27/electrifying-transportation/

Electric vehicles (EV) may be the silver bullet. EV's, a technology that could recharge the US economy, reduce its dependence on foreign imported oil, create domestic jobs, cut polluting carbon emissions, and eliminate noise pollution from traffic, were the topic of discussion last week at the US Senate Committee Hearing on Energy & Natural Resources. "Electric vehicles have great potential and we want to see them transform the industry," said Senator Lisa Murkowski (R-AK), ranking member of the committee, in her opening remarks. On the table were two recent bill proposals, S.948, The Promoting Electric Vehicles Act of 2011 and S. 734, The Advanced Vehicle Technology Act of 2011. The first bill, proposed by Senators Jeff Merkley (D-OR) and Lamar Alexander (R-TN), would provide $300 million in grants over 5 years for the deployment of electric vehicles in certain communities, a program called the "National Plug-in Electric Drive Vehicle Deployment Program." Its aim is to select 30 pilot communities that would each receive $10 million in grants for EV infrastructure that would be built simultaneously to EV deployment, thereby solving the common chicken-egg problem of new technology implementation. It would also allow for, with EV technology being tested on a large scale, the country to learn best practices of EV use and to move ahead with national-scale deployment in subsequent years. The Advanced Vehicle Technology Act, proposed by Senator Debbie Stabenow (D-MI), would provide government incentives to convert medium and heavy-duty vehicles, such as trucks and tractor-trailers, into hybrids and EV's. In proposing the bill Stabenow also seeks to promote domestic battery manufacturing, an already booming industry in Michigan. "If we can take these technologies and move them to large vehicles, we are doing even more," she said at the hearing. Chair of the committee Senator Jeff Bingaman (D-NM) also encouraged large-scale federal deployment, noting that electric garbage trucks would be an interesting place to start. Murkowski joked that if this would make her garbage truck silent, she would jump on such a measure. Although EV's also require vasts amount of power, the five expert witnesses that testified at the hearing emphasized that electricity was a more domestic resource than oil and could be derived from a wide range of sources, including renewable generation sources.

On the brink – solves warming

Business Wire 10

“Plug-in Electric Cars Can Lower Global Warming Emissions, Oil Consumption and Unhealthy Air Pollution,” http://www.businesswire.com/news/home/20100120006249/en/Plug-in-Electric-Cars-Global-Warming-Emissions-Oil

Increasing America’s use of plug-in electric and plug in hybrid cars would dramatically reduce emissions that cause global warming and air pollution and would curb our dependence on oil, according to a new white paper released today by Environment Texas. “America’s current fleet of gasoline-powered cars and trucks leaves us dependent on oil, contributes to air pollution problems that threaten our health and produces large amounts of global warming pollution,” said Texas State Representative Rafael Anchia. A “plug-in” car is one that can be recharged from the electric grid. Some plug-in cars run on electricity alone, while others are paired with small gasoline engines to create plug-in hybrids. Many plug-in hybrids can get over 100 miles per gallon, while plug-in electric vehicles consume no gasoline at all. Plug-in vehicles produce no direct tailpipe pollution when operating on electricity and there is already a vast electric power infrastructure to fuel them. As renewable energy sources, like wind and solar, meet a larger share of our electricity needs, electric car could contribute to little or no air pollution. Utilities and retailers are gearing up for plug-in vehicles so they will be ready to provide the necessary services to their customers when cars start arriving later this year. "We're on the cusp of an historic shift in the way we use energy for transportation," said Jim Burke, CEO, TXU Energy. "Increasing the use of electric vehicles is vitally important for Texas, for our community, and for our customers - so it's vitally important to us as well. We are working to help lead this shift, including developing time-of-use rates that will help our customers benefit from cheaper night time charging."

Focusing on the grid alone doesn’t solve oil or warming

Cal Cars 11

“All About Plug-In Hybrids (PHEVs),” http://www.calcars.org/vehicles.html

The nationwide electrical grid is only 3% petroleum-fueled, whereas transportation is almost completely powered by oil -- 60% of which comes from foreign sources (and growing). Adoption of plug-in hybrids will transfer the overwhelming majority of our miles driven to nearly oil-free electricity. If all vehicles were plug-in hybrids we would cut our oil needs by 55%, nearly enough to eliminate foreign sources altogether.

Arguments that electric cars increase emissions are wrong

Murray 9 (James, “Electric car industry hits back at emission report”, 12 Nov. 2009, http://www.businessgreen.com/bg/news/1800787/electric-car-industry-hits-emission-report)//AMV
The electric car industry has hit back at a new study suggesting "electric cars could speed climate change", arguing that the study understates the environmental benefits associated with electric vehicles and could undermine the embryonic market. The report from the Environmental Transport Association (ETA) warns that the reliance on grid electricity to power electric vehicles means that electric cars have emissions of 106 grams of CO2 per kilometre - significantly less than average petrol car emissions of 172g/km, but more than low-emission vehicles such as the Toyota Prius, which has official emissions of 89g/km. It also argues that a loophole in EU vehicle emissions legislation means that the development of electric cars could inadvertently lead to increased overall emissions from the transport sector in the short term. Under the legislation, which was introduced late last year, electric cars are rated as zero carbon for the purposes of firms complying with the goal of ensuring average new car emissions are under 130g/km by 2012. Moreover, car firms producing electric cars receive so-called "super credits" that allow them to produce 3.5 SUVs for each electric vehicle they produce. "The combined effect of these loopholes would be that car makers that choose to market electric cars to meet EU targets would have to do less to reduce emissions of conventional cars," the report states. "The overall effect would be higher CO2 emissions and oil use." ETA director, Andrew Davis, said that the report was "not intended to dampen enthusiasm for electric vehicles". But he argued that "their introduction should not be viewed as a panacea; significant changes to the way we produce and tax power are needed before we will reap benefits". However, the report quickly prompted headlines labelling electric cars as " dirty" and accusing them of harming the climate, resulting in an angry response from industry insiders who accused the study of failing to account for the long-term environmental benefits and lower "wheel-to-well" carbon emissions associated with electric vehicles. "We have to keep going back to the basic message that electric cars are cleaner," said Barry Shrier, chief executive of Liberty Electric Cars. "Study after study has shown that the wheel-to-well emissions are much better – even if you produce electricity in the dirtiest way available using coal, life cycle emissions from electric vehicles are still 50 per cent lower than they are for internal combustion engines." He added that electric vehicles also had the potential for their emissions to fall to nearly zero as electricity supplies are decarbonised. "Piston engine technologies will never be zero carbon," he said. "They are a dead end." His comments were echoed by a spokesman for the Department of Transport who said that large numbers of electric cars could be supported as the grid infrastructure is improved. "Electric cars powered from today's UK generating grid would save up to 40 per cent of the CO2 emissions of a conventional petrol car over its full life cycle," he said. "This saving can improve as the grid moves to using more low-carbon power sources. If demand for electricity is properly managed, through the use of smart meters and dynamic tariffs, the grid can support a relatively high number of Electric Vehicles. In fact, they can provide a way to capture and store electricity at night from renewable sources like wind power." The concerns over the EU "loophole" are also largely unfounded, according to Shrier, who said that it represented an effective means of incentivising large auto manufacturers to transition to electric vehicles. "No one is expecting big companies to move overnight to only producing electric cars," he said. "But the way the super credits are structured gives them an incentive to start producing electric cars and they can then expand from there." In related news, India-based electric car giant Reva, the company that supplies the popular G-Wiz in the UK, has inked a major deal with an Icelandic renewable energy firm to develop recharging infrastructure in the country. Under the agreement, Northern Lights Energy (NLE) will have exclusive rights to distribute Reva's new NXR model and any consequent models. It will also work to develop a recharging infrastructure system and vehicle exchange service for the island in an attempt to support the wider adoption of electric vehicles. NLE chairman, Gisli Gislason, said that Iceland had the potential to become a pioneering market for low-carbon vehicles. "Iceland is an island and with its advanced electric grid technology using 100 per cent renewable energy in electricity production is a perfect location for zero emission electric vehicles," he said, adding that in addition to selling electric vehicles the company was also working on a project to convert existing internal combustion engine cars into electric cars.

Electric cars substantially cut back carbon emissions

Georgia Institute of Technology 9 (February 11, 2009, “Reducing Carbon Dioxide Through Technology and Smart Growth, ScienceDaily, http://www.sciencedaily.com/releases/2009/02/090211161854.htm)
According to Brian Stone, associate professor of City and Regional Planning, the research shows that expected levels of CO2 emissions from cars and trucks in 2050 could be reduced back to 2000 levels if the full vehicle fleet was converted to hybrid electric vehicles, such as the Toyota Prius or the soon-to-be released Chevy Volt. This research also found that a doubling of population density in large U.S. cities by 2050 would have a greater impact on CO2 reductions than full hybridization of the vehicle fleet. Stone’s study looked at 11 major metropolitan regions of the Midwestern U.S. over a 50-year period and took into account three different scenarios: the use of hybrid vehicles and two different urban growth scenarios through which population density was increased over time, a central component of smart growth planning. “In this study we looked at two general approaches on how to deal with the challenge of climate change,” said Stone. “One approach is to improve vehicle technology and become more efficient. We can use less gas and reduce tailpipe emissions of CO2. The second approach is to change behavior by changing the way we design cities. We can travel less and take more walking and transit trips.” Stone says he believes it would be possible for virtually all cars on the roads by 2050 to be hybrid electric vehicles, assuming the costs of these vehicles become more competitive with conventional engine technologies. Today’s hybrid electric vehicles can achieve 40 miles to the gallon and higher. However, even the full hybridization of the national vehicle fleet by 2050 would not meet the CO2 targets identified though the Kyoto Protocol, an international climate change agreement which the United States has signed but not yet ratified. To meet these global targets, CO2 emissions from all sectors on the U.S. would need to return to 1990 levels or lower. According to Stone’s work, meeting this goal in the transportation sector would require a combination of technological improvements and higher density land use patterns in cities. “If we can help cities to grow in more compact ways, what we call smart growth, it will help reduce emissions even further by allowing people to travel less often, travel shorter distances when they do travel and take advantage of public transit,” said Stone. The eleven metropolitan regions that were studied include Madison, Wisconsin, Columbus, Ohio, Indianapolis, Indiana, Minneapolis-St. Paul, Minnesota, Cincinnati, Ohio, Grand Rapids, Michigan, Chicago, Illinois, Detroit, Michigan and Dayton, OH. In addition to Stone, Dr. Tracey Holloway, Scot Spak, and Adam Mednick also authored the study.

Electric vehicles key – best way to cut back emissions

Haluzan 10 (Ned, “Electric cars – Solution to reduce CO2 emissions?”, September 28, 2010, http://sciencefactsandarticles.blogspot.com/2010/09/electric-cars-solution-to-reduce-co2.html)//AMV
If world wants to avoid the worst of climate change then our global emissions will have to significantly decline in years to come. Many believe that the easiest way to achieve this would be if we would to replace fossil fuels with renewable energy sources. In light of this, there was this one very interesting research conducted by Rice University's Baker Institute for Public Policy. The main conclusion of this research is that electric cars look like better solution for reducing emissions and lowering U.S. oil imports than a national renewable portfolio standard. According to this study "the single most effective way to reduce U.S. oil demand and foreign imports would be an aggressive campaign to launch electric vehicles into the automotive fleet." The researchers have calculated that mandating that 30 percent of all vehicles be electric by 2050 would not only reduce U.S. oil use by 2.5 million barrels a day beyond the 3 million barrels-per-day savings already expected from new corporate average fuel efficiency standards, but also cut emissions by 7 percent, while the proposed national renewable portfolio standard (RPS) would cut them by only 4 percent over the same time. The researchers also concluded that "business-as-usual market-related trends might propel the United States toward greater oil and natural gas self-sufficiency over the next 20 years while scenarios specifically focused on strict carbon caps and pricing or a high carbon tax of $60 a tonne or more could lead to a significant increase in U.S. reliance on oil imports between now and 2025. A carbon tax of $30 a tonne would also increase U.S. dependence on imports of foreign liquefied natural gas (LNG) by 2025." If electric cars could really be of great help to reduce carbon emissions then the good news is that electric cars industry has started to grow in United States, with many new facilities opening across the US territory.

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