Wednesday, March 24, 2010

Make Money by Driving Your Electric Car


Face it, the recent trend in the automotive world is toward being green and efficient. This trend has started with the rising gas price, triggering the now popular hybrid cars, and is moving toward pure electric cars. Sacrifices are made in this movement, such as performance and designs. However, what will happen if that sacrifice is balanced by an incentive that seems to be the driving force for society: money.

There is speculation that the future for electric cars can earn the owners money. The idea is this: the car can self produce electricity as it drives, by mechanical means such as regenerative braking, and the unused portion of electricity is stored in a battery pack. That unused electricity can be "sold" to the electric company once the car is plug back into the power grid, earning the owner money.

This is a great idea, but there is one problem, which lies within the idea of a corporation. Producing your own electricity and earning money from it means tampering with profits of an electric company, a multi-billion dollar business. If this idea were to happen, does it mean electricity price will increase dramatically to counter the loss? Or will electric companies finally fully understand the importance of renewable energy versus fossil fuel, rather than understanding greed and money?

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