A recent study at the University of Michigan projects that in the next 25 years the average US gas car will 74 miles per gallon. This will not only have major impacts on the environment but the automotive industry in general. It is estimated that that the average car would emit 47 tons less carbon dioxide than the average car in 2005. This is not only a great way to help the environment but it will stimulate the car industry also. It will cause masses of people to purchase a new environmentally friendly car. This will not only help the US economy by creating more jobs for the US car companies but it will help the environment.
This is important to the industry because its going to cause serious shifts, people are going to have to sell their old cars and purchase new ones. Once they create these cars then people are going to have to sell or get rid of their old ones and buy the new and improved models. This will help the industry because everyone will want a new car that will save them money on gas. I wonder if it is a good time to invest in these companies now so we can make as much profit as possible over the next 25 years.
http://wheels.blogs.nytimes.com/2010/09/03/gas-cars-could-get-74-m-p-g-by-2035-a-researcher-says/?scp=1&sq=us%20cars&st=cse
Billy Knutsen
Billy I agree with you in that a great amount of car owners will begin to purchase new environmentally friendly cars to cut down on their carbon dioxide emissions. However, I also believe that an even more important reason why they will purchase is that they want to cut down on the amount of money they spend on gas. I do believe that investing in this is an obvious decision because of how important the environment is to us today.
ReplyDeleteIt is essential to start investing in manufacturers willing to develop cars that reduce carbon dioxide emissions. Clearly, environmentally-friendly cars are the future for the auto industry. With more Americans becoming more eco-friendly, the demand for eco-friendly cars will increase. The U.S. auto manufacturers need to develop fuel efficient vehicles, which depend less on oil, a top priority in order to keep up with foreign competitors and the market demand. Consumers will be convinced to purchase fuel efficient cars once they become more affordable. If more U.S. automakers produce more eco-friendly technologies, competition will drive prices down. U.S. auto makers will have to slowly make the transition into selling only fuel efficient cars to keep up with the market demand and to improve the environment.
ReplyDeleteIrene Kalis
We have already done so much damage to the environment. Do you guys think that 25 years is too long to wait for such technology?
ReplyDelete