“The 1.9 million is a net figure, using mainstream forecasts of GDP and other factors as the reference case scenario'
Jim Motavalli - BNET
- April 9, 2010
The electrics are coming, the electrics are coming! And that’s a good thing from the point of view of the Electrification Coalition, a group of business leaders (including Nissan, Cisco Systems, PG&E and Johnson Controls) that came together last year. The coalition predicts that by 2040, 75 percent of U.S. passenger vehicle miles traveled will be “electric miles.” But there will be winners and losers, something advocates are sometimes reluctant to admit.
The coalition’s projections are usually among the rosiest out there, and that’s certainly true of its latest economic forecast, prepared by the University of Maryland’s Infoforum and Keybridge Research. If the Coalition’s policy recommendations are implemented, it predicts:
A net increase of 1.9 million jobs because of the electrification of the automobile, including 560,000 manufacturing positions, 276,000 in travel and tourism, and 73,000 in professional services. The report says motor vehicle employment (including parts supply) would be 106,000 more than if EVs weren’t part of the equation.
The average American household, by 2030, will spend $3,687 (in 2008 dollars) less on transportation annually, and have that money left over for other things (including travel and tourism).
The federal budget deficit will improve by $336 billion between 2010 and 2030. The trade deficit will improve by $127 billion by 2030.
U.S. crude oil imports will fall by 3.2 million barrels daily by 2030, and between 2010 and 2030 the U.S. would import 11.9 billion fewer barrels of imported oil. Worldwide, the price of oil will be seven percent lower than it would be without electrification... [Read More]