The Great Debate UK
from The Great Debate:
-- Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor, is a senior fellow at the Hudson Institute. The opinions expressed are her own. --
The world is falling in love with plug-in hybrids and all-electric cars. President-elect Obama wants to put 1 million on the road by 2015. GM features them, particularly the Chevy Volt, in its new business plan for a debut in 2010. The EU wants them to shrink greenhouse gas emissions in 2020 by 20% from 1990 levels. This week the Chinese auto company BYD began selling the world’s first commercially-available plug-in hybrid sedan.
No matter that these cars are not widely available; that they are priced far above traditional models; that many have a short range, making them useful only for local trips; that batteries may be prone to catching fire; and that many motorists park on the street, where charging is impractical.
For some, these issues pale in importance to saving the planet from harmful emissions of carbon, sulfur dioxide and nitrogen dioxide—all of which are released from internal combustion engine vehicles. If battery powered cars reduce emissions, environmentalists argue, they should be produced and consumers should be enticed to buy them.