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Old 10-14-2009, 02:04 PM   #1
JC
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Default REPORT: Energy Secretary Chu - "I would put every cent into electric cars"

I know many of you will scoff, but I couldn't agree more with Secretary Chu. I've been a fan of his and am now even more so. I will note that although the article says E85, he has stated before that he doesn't believe corn based ethanol is the way to go and he supports all biofuels. An electric car with a bio-diesel range extender would be FTW.

Quote:
U.S. Secretary of Energy Steven Chu has a penchant for making some straightforward statements about energy policy. He's said that electric vehicles are inevitable, for example, and that all American cars should be E85-capable. Recently, he apparently said that "if it were up to me, I would put every cent into electric cars."

This quote, which was relayed by unnamed alternative energy developers who were at a recent meeting on alternative fuels, is sure to stir up the whole hydrogen vs. plug-in cars debate that's been going on since the DOE slashed H2 funding in May. The Senate Energy and Water Development Appropriations Subcommittee responded by marking up the FY 2010 DOE budget and restoring the hydrogen vehicle funding.

If Chu did say what it's reported that he said, then it should be clear that it isn't an official reversal of the Senate's work. It just shows that there are some serious disagreements in Washington about how to best fund the future and what that future should be. But the DOE is in charge of some big things and, this year, it has handed out billions in loan guarantees for plug-in vehicles, including money for Ford ($5.9 billion), Nissan ($1.6 billion), Tesla Motors ($465 million) and Fisker ($528 million).
http://www.autoblog.com/2009/10/14/r...nt-into-elect/

Full Article: http://www.biofuelsdigest.com/blog2/...y-development/
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Old 10-14-2009, 02:45 PM   #2
Lboogie
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good enough for China, they are gonna leap frog over hybrids

Ceot where is all our electricity going to come from? "clean coal" = fail

Need nuclear power like Europe.
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Old 10-14-2009, 02:55 PM   #3
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The fact that Fiskar got 33% of what Nissan got is an atrocity. The fact that Tesla got anything as well is ludicrous.
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Old 10-14-2009, 03:21 PM   #4
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Makes sense, in a long term investment (20 years or so).
Factors Affecting U.S. Production Decisions: Why are There No Volume Lithium-Ion Battery Manufacturers in the United States?

Li-ion Battery Manufacturers: The Bleeding Edge of Energy Storage Technology


I'll just watch how this news affects battery company stock prices

Personally I am going to need a new car next year. I would like one that I can drive for 300-500 miles before refueling, and I don't want that refueling to take more than 20 minutes. Be nice if I could actually enjoy to drive it too.
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Old 10-14-2009, 03:21 PM   #5
Mike Wevrick
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No doubt Chu is a smart guy, but I don't see why it should be his decision, or anyone else's in government. Let consumers decide for themselves what they want.
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Old 10-14-2009, 03:40 PM   #6
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he just misspoke. it is actually up to him. he can take every cent of his paycheck and use it to purchase an electric car. nobody is stopping him.

oh, you mean as a government official? i think it's abundantly clear that the gov't no longer works for the people. now the people work for the gov't. since we're all wards of the state, it seems reasonable that they should decide what is best for their worker bees.
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