valuebeacon

It’s here and it’s awesome: the 2011 Chevy Volt

In Technology on January 13, 2011 at 1:33 am

In an earlier blog post, I talked about the future of the auto industry being electric cars. Well, folks, it’s here and it’s awesome: the 2011 Chevy Volt has arrived.

Check out these amazing specs:

  • Runs for 35 miles on a fully charged battery, easily enough for your daily commute
  • Plug it in at night to charge. Charges in 4 hours on a dedicated 240 volt outlet or 10 hours on a standard household outlet
  • The cost of the electricity will be $1.50/day for the average user
  • The onboard gasoline generator and gas tank extend the range of the automobile to 375 miles
  • Equipped with a Bose sound system, built in 30G hard drive for mp3s, a DVR to pause and play live radio, Bluetooth, USB port
  • Volt mobile app – control the car for your smartphone (I’m not kidding!). Check battery level, control charging and start the car
  • Retail price of USD$32,500

Given its reasonable price and practical features, this is a truly viable electric car. If and when electric cars eventually go mainstream, we could see some huge shifts in our economy.

One key shift is a significantly reduced demand for petroleum. This would downsize a huge industry engaged in finding, producing, refining, distributing and retailing petroleum. Also, given a reduced demand, oil prices could fall and take with them high cost production sources such as Canada’s Oil Sands region.

Conversely, there would be a boom in the demand for electricity. This would necessitate increased facilities for power production and elevated demand for sources of power such as coal, nuclear fuel and green power solutions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: