Word: carlies
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...this green dream is hardly problem-free or environmentally perfect. First, if oil prices continue dropping, perhaps to last year's $60-per-bbl. mark, drivers may opt to keep their old cars, especially if the recession in the U.S. and Europe deepens and car loans get even harder to obtain. In debt and facing slumping sales, the auto industry is also competing against flush high-tech companies in Silicon Valley, which are also racing to perfect a lithion-ion car battery. What's more, the billions that the auto companies are spending in research could be squeezed during...
...should it be overlooked that electric cars need electricity, and making it isn't necessarily a clean process. Like GM, Nissan has a new electric car, the Nuvu, on display at the Paris show, and like GM, it is rolling it out in Denmark - a country of 5 million people with ample wind power and spare power during night hours, when most drivers are likely to recharge their cars. Renault's ZE is being tested in Israel, where there are plans to install the nation's first battery-charging stations, outside Tel Aviv, by the end of the year...
...Obama and McCain have vowed to do both. Obama has promised an ambitious plan to end Middle East and Venezuela oil imports in 10 years, partly by putting 1 million plug-in hybrid cars on American roads by 2015 and giving a $7,000 tax credit to each person who buys an electric car. McCain has offered a $5,000 tax credit for people buying pure, zero-emission electric cars (GM's Volt would not qualify), with a sliding scale of tax breaks for those buying low-emission vehicles. McCain says he would also give a whopping $300 million prize...
...there is one factor which is likely to press car companies into going green: all of us. So long as drivers tire of high oil prices (more than $8 per gallon in Paris) and feel real satisfaction at switching to cleaner technology, automakers are likely to oblige them with affordable electric cars. But should oil prices plummet, we could once again be lulled into thinking that all is well - or at least good enough - with Planet Earth...
...Ferrari began as a uniquely styled luxury race car designed by an Italian racing star. Born in 1898 in Modena, Enzo Ferrari was the son of a metalworker. When Ferrari was 10, his father took the family to the first of many auto races. He became hooked after seeing Felice Nazzaro, considered the greatest driver in the world, win. In 1916, with the death of his father and brother, the family's business collapsed, and Ferrari had to find a new way to support his mother. So in late 1918 he took a job as a test driver with...