This paper showed that the average household consumer in the US is still relatively oblivious to the fact that they are almost 100% dependent on gasoline as a means of mobility. Without gasoline (oil), they and the rest of the economy could literally be made immobile with dire socio-economic ramifications. What was briefly experienced in October of 1973-74, an entire economic collapse resulting primarily from a reduction in the supply of oil, would very easily recur. The first, second and fourth regression models reiterated the presence of severely high price and income inelasticity of demand for gasoline. This is portrayed by many other research papers reviewed. The third regression showed that, if given options (AFVs), consumers that are willing to make the switch, could substantially reduce their gasoline consumption. This was also expressed in models 1, 2 and 4 where the coefficient of MPG was used to estimate the efficiency effect on gasoline demand. The static simulation model estimated that a household could experience substantial annual savings resulting from the switch in both gallons of gasoline and cost savings from reduced fuel expense. The conversion of the fleet from ICVs to PHEVs over the 15 year period could allow the US to become oil independent from foreign unfriendly suppliers, significantly bolstering the domestic economy, national accounts and national security, cetris paribus. It was measured that the cost of 250 billion per year is what was required by government to ascertain this result. This cost (investment) could be shared by government, car producers and consumers in the form of tax rebates and write-offs and subsidies. Hold in mind as mass production of these vehicles takes place we expect economies of scale and learning by doing to facilitate a reduction in the costs overtime. Lest we not forget the most important benefits derived from this undertaking, that of the sustainability of humanity. Through the modification of the light vehicle fleet, from ICVs to PHEVs, independence from oil could be realized which would lead to significant reductions in greenhouse gas emissions, enhancing the standard of living for all households through fuel savings and the reducing the volatility and scarcity in energy supplies. Waging unnecessary resource wars over non-renewable greenhouse gas emitting fuels would become nothing more than a piece of history. This evolution in transportation would essentially allow for the preservation of both our economy and planet for future generations to come.


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    Titel :

    The effectiveness of plug-in hybrid electric vehicles in reducing the demand for gasoline


    Beteiligte:
    Naude, Jethro (Autor:in)

    Erschienen in:

    Erscheinungsdatum :

    2012


    Format / Umfang :

    21 Seiten, 6 Bilder, 8 Tabellen, 8 Quellen



    Medientyp :

    Aufsatz (Konferenz)


    Format :

    Print


    Sprache :

    Englisch




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