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Plug In Drivers Not Missin' the Piston

This is the Kodak Moment for the Auto Industry. Electric vehicles are here to stay. Their market acceptance and growth will continue....

Friday, December 31, 2010

Five Reasons to Buy An Electric Car > GED

Five Reasons to Buy An Electric Car > GED: "1. EVs will reduce U.S. oil dependence: Today, over half of the oil we use is imported (57%), and our dependence will increase as we use up domestic resources. Most of the world's oil reserves are concentrated in the Middle East, and about two-thirds are controlled by OPEC members. Oil price shocks and price manipulation by OPEC have cost our economy dearly—about $1.9 trillion from 2004 to 2008—and each major shock was followed by a recession. We may never eliminate our need to import oil, but we can reduce cartel market control and the economic impact of price shocks by reducing our demand."