NewEnergyNews: UK PLUG-IN CARS COULD CUT OIL IMPORTS 40%

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    Friday, March 13, 2015

    UK PLUG-IN CARS COULD CUT OIL IMPORTS 40%

    Electric Cars Would Lower UK Oil Imports By 40%, But Only With Much Wider Adoption: Report

    Angelo Young, March 10, 2015 (International Business Times)

    “…[A] much broader acceptance of electric cars than [the less than 1% that] exists today in Britain, […according toFueling Britain’s Future from Cambridge Econometrics,] the country’s dependence on oil imports could drop by 40 percent, saving drivers 600 British pounds ($905) a year in fuel costs, which would eventually offset the higher upfront price of electric cars. At the same time, the overall economic impact of a broad shift toward electric cars would yield a modest national economic benefit…[It suggests] that countries that depend on oil imports and use more renewable energy have the most to gain economically…[But] to greatly reduce the harmful pollutants emitted by internal-combustion engines by mid-century, the report estimates Britain would have to grow electric-car use from less than 20,000 vehicles today (out of about 35 million vehicles last year) to more than six million by 2030 and 23 million by 2050…To get tens of millions of electric cars on Britain's roads over the next 15 years, the government and private sector would to [spend perhaps $10.7 billion to] build out the charging-station infrastructure to allay consumer concern about running out of power before finding a place to plug in…” click here for more

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