Globally, transport accounts for around 14 per cent of CO2 emissions and over 50 per cent of the world's oil consumption.
Globally there are about 850 million vehicles, on average 13 people in 100 have a car.
In the United States it is 60 in 100, in India and China it is less than one.
If, by 2050, with a world population of 9 billion, we were to reach an average of half of the US level, there would be almost 3 billion cars.
Electric cars are generally more expensive than gasoline cars. The primary reason is the high cost of car batteries.
US and British car buyers seem to be unwilling to pay more for an electric car. This prohibits the mass transition from gasoline cars to electric cars.
A survey taken by Nielsen for the Financial Times has shown that 65 per cent of Americans and 76 per cent of Britons are not willing to pay more for an electric car above the price of a gasoline car.
Also a report by J D Power and Associates claims that about 50 per cent of US car buyers are not even willing to spend more than $5,000 on a green vehicle above the price of a petrol car despite their concern about the environment.
Tuesday, 4 October 2011
Check out these 20 STUNNING green cars - Rediff.com Business
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