With the advent of the electric automobile, several men and women began analyzing their most current car purchases and wondered whether they should have waited to get something that could save them a lot of income in the lengthy run. A cigar-chomping veteran of the car business with a penchant for irascible quotes—he as soon as panned GM’s vehicles for hunting like angry kitchen appliances”—Lutz was particularly attuned to the big narratives that drive public perception of the auto business (even though below the surface, most of the real action is driven by recondite stuff like regulation, industrial and trade policy, labor economics, and logistics).
Lithium-ion batteries are probably to stay the common option for electric cars for the foreseeable future, even though options such as nickel metal hydride (NiMH), which are safer and less costly, and other lithium-primarily based technologies (such as lithium-nickel-manganese-cobalt, lithium-phosphate, lithium-manganese, and lithium-cobalt) are also waiting in the wings.
Gas-powered cars and electric ones have a excellent deal in widespread and the key variations are the stored power they use (gasoline versus electrical energy), the machine they use to convert it into kinetic power (an engine or an electric motor), and the way the stored power powers that machine (by way of a gearbox and transmission, in the case of an ordinary auto, but typically more straight in an electric auto).
The power crises of the 1970s and ’80s brought a brief-lived interest in electric cars, although these cars did not reach mass marketing as today’s electric cars expertise it. Because the mid-2000s, the production of electric cars is experiencing a renaissance due to advances in battery and power management technologies and concerns about increasingly volatile oil prices and the require to decrease greenhouse gas emissions.
The Finance Secretary chairs a Steering Committee on the Promotion of EVs with members drawn from numerous sectors to advocate a approach complementary with distinct measures to promote the use of electric autos in Hong Kong, having regard to the resulting energy efficiency, environmental benefits and the creation of organization opportunities.