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The Effects Of Solar Automobiles On The Us Economy

1246 words - 5 pages

As the world moves further with technology, the next big step will be the introduction of solar powered cars. For years, cars have relied on oil, for gasoline, their primary form of power. The Unites States, only being able to produce so much oil, has relied on importing it from other countries. 63% of all oil is used as fuel (gasoline) for automobiles (Perkins, "Production" 6). With increasing use of automobiles in everyday life, the U.S has not been able to produce enough oil to keep up with the country's needs. "It has caused a deepening of the U. S.'s dependence on foreign oil. Domestic oil demand, which had fallen to 15.7 million barrels a day (bbl/d) in 1985, climbed to 17 million last year. Meanwhile, domestic production has been declining aging U. S. oil fields produced only 7.2 million bbl/d last year, down from 8.9 million in 1995. As a result, the U. S., the world's largest energy consumer, now imports more than 50% of its crude oil and petroleum products" (qtd. Miller). A lot of US revenue is derived from the production of the gas and oil industry. The gas and oil industry produce a great percentage of jobs, which help the economy. The industry also produced a great deal of profit from exporting of its oil to other countries and the capitalizing of oil being imported into the US. All this revenue greatly helped the American economy and will continue to help in its growth. However, once solar powered cars are introduced into the American market, its economy will greatly diminish. Vinny 2The introduction of solar powered cars into the American market would greatly diminish its economy, nevertheless, its introduction would be extremely beneficial to theUnited States, in the respect that it would open a world of new opportunities, new jobs and maybe even solve some of the nation's current crises. A solar powered car would be beneficial to the family who was spending hundreds of dollars a year on gasoline. It would be beneficial to those working in the new factories, because it would create more jobs engineering, designing and manufacturing the cars and its technology. Even more important, once the United States rids its consumers of oil-based energy, it will clean up the carbon-based problems plaguing its environment.However, even though the production of solar powered car would have a long-term, positive effect, its short-term effect, would be devastating to its economy, which is dependant on gas and oil profits. "In the long term the nation should--and will--be fueled extensively by renewables. Several of the technologies, in fact, are carving market niches now. Controversy arises, however, over exactly how--and how aggressively--to speed their development. Environmental groups call for increased federal direct grants, tax subsidies, and mandates. That sounds logical clearly, the sooner the nation unhooks from oil, the better. But there's danger in doing it too quickly. Force-feeding technologies can result in wrong choices and...

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