WHY WE NEED THIS NOW
While developing EDAK’s electric drive power system I often thought about the size and the amount of investment that would be needed to bring a product of this size to the consumer. I also tried to balance those thoughts with the advantages that electric drive can bring to that argument. I needed to know that powering a vehicle with electricity was the right way to go. In the next few pages I will show the advantages of using electricity and why it is very important that we find solutions through alternative energy and move away from gasoline.
The most positive aspect of electricity is that we as individuals can produce electricity. With gasoline powered vehicles, the fuel only comes from one place, but if my vehicle is powered by electricity I have options, and there is many ways to produce electricity. I can charge my batteries by solar, wind, a stationary bicycle with a generator, or I can buy it and electricity is about one third the costs per mile as gasoline.
The following is a look at what the future is for the world with the use of petroleum product and why now is the time to start powering our vehicles without gasoline. These are the statistics that caused me to conclude that alternative energy power system like electricity like this product would not only be profitable, but with the ever increasing consumption of petroleum products worldwide, electric powered vehicles will become a necessity.
In 2006 according to the Department of Energy 36% of all the energy consumed in the United States is Petroleum and 92% of that was used by vehicles (trucks, buses, trains and cars). The amount of petroleum that was used by the vehicles is 175 billion gallons, of that 44.3, 77.5 billion gallons were used by passenger vehicles. I feel that eventually all these vehicles will have to move to an alternative power system, but I will address the passenger vehicles that EDAK’s electric power system can be added to and the differences it will make.
First to emphases how important it is to start now creating alternative energy transportation, here is an overview of the fossil fuel situation in the world. It was estimated by the Energy Information Administration that in 2007 primary sources of energy consisted of petroleum 36.0%, coal 27.4%, and natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world. Non-fossil sources in 2006 included hydroelectric 6.3%, nuclear 8.5%, and others (geothermal, solar, tide, wind, wood, waste) amounting to 0.9 percent. World energy consumption is growing about 2.3% per year. To put this in perspective and how will this affect me, from the World Oil and Gas Journal the number of years of production left in the ground with most optimistic proved reserve estimates are Coal: 417 years, Oil: 43 years and Natural Gas: 167 years.
According to the Department of transportation in 2006 there were 248 million registered vehicles in the U.S. of those 137 million are passenger vehicles and 90% of those being front wheel drive. Approximately 124 million using 71 million gallons, 40% of the petroleum used in the U.S. This means that 17% of the energy used in the U.S. could be retrofitted with EDAK’s rechargeable electric power system and can easily improve mileage by 4 to 5 times, lowering that number to 4 or 5%, a savings of about 66 million gallons of fuel per year, or about 30% of the oil used.
I realize that to retrofit 100% of those vehicles is unrealistic, but this is a solution that addresses an area of our energy problems. The electric vehicle is a solution and I feel all these numbers would be better if today everybody bought an electric vehicle and junked the vehicle they are driving. This too is not realistic, but if we look at what is possible, to retrofit the vehicle you are driving for $3 to $5 thousand or to buy a new vehicle for $20 to $50 thousand. Adding electric drive to the vehicle that you have will increase the value and the life of that vehicle. Most banks and finance companies will do that. EDAK’s electric drive unit is affordable and realistic for everybody.
The last point that I want to make is to look at the cost of oil and the supply. In the years to come as the supply of oil dwindles and the cost of drilling goes up where would you like to be. A vehicle that runs on electricity is going to be a must. There is a feeling of independence knowing that I can produce electricity by solar, wind, or if I have to a bicycle with a generator and not being able to with gas. This is not a guess about the future what is a guess is when.
.
While developing EDAK’s electric drive power system I often thought about the size and the amount of investment that would be needed to bring a product of this size to the consumer. I also tried to balance those thoughts with the advantages that electric drive can bring to that argument. I needed to know that powering a vehicle with electricity was the right way to go. In the next few pages I will show the advantages of using electricity and why it is very important that we find solutions through alternative energy and move away from gasoline.
The most positive aspect of electricity is that we as individuals can produce electricity. With gasoline powered vehicles, the fuel only comes from one place, but if my vehicle is powered by electricity I have options, and there is many ways to produce electricity. I can charge my batteries by solar, wind, a stationary bicycle with a generator, or I can buy it and electricity is about one third the costs per mile as gasoline.
The following is a look at what the future is for the world with the use of petroleum product and why now is the time to start powering our vehicles without gasoline. These are the statistics that caused me to conclude that alternative energy power system like electricity like this product would not only be profitable, but with the ever increasing consumption of petroleum products worldwide, electric powered vehicles will become a necessity.
In 2006 according to the Department of Energy 36% of all the energy consumed in the United States is Petroleum and 92% of that was used by vehicles (trucks, buses, trains and cars). The amount of petroleum that was used by the vehicles is 175 billion gallons, of that 44.3, 77.5 billion gallons were used by passenger vehicles. I feel that eventually all these vehicles will have to move to an alternative power system, but I will address the passenger vehicles that EDAK’s electric power system can be added to and the differences it will make.
First to emphases how important it is to start now creating alternative energy transportation, here is an overview of the fossil fuel situation in the world. It was estimated by the Energy Information Administration that in 2007 primary sources of energy consisted of petroleum 36.0%, coal 27.4%, and natural gas 23.0%, amounting to an 86.4% share for fossil fuels in primary energy consumption in the world. Non-fossil sources in 2006 included hydroelectric 6.3%, nuclear 8.5%, and others (geothermal, solar, tide, wind, wood, waste) amounting to 0.9 percent. World energy consumption is growing about 2.3% per year. To put this in perspective and how will this affect me, from the World Oil and Gas Journal the number of years of production left in the ground with most optimistic proved reserve estimates are Coal: 417 years, Oil: 43 years and Natural Gas: 167 years.
According to the Department of transportation in 2006 there were 248 million registered vehicles in the U.S. of those 137 million are passenger vehicles and 90% of those being front wheel drive. Approximately 124 million using 71 million gallons, 40% of the petroleum used in the U.S. This means that 17% of the energy used in the U.S. could be retrofitted with EDAK’s rechargeable electric power system and can easily improve mileage by 4 to 5 times, lowering that number to 4 or 5%, a savings of about 66 million gallons of fuel per year, or about 30% of the oil used.
I realize that to retrofit 100% of those vehicles is unrealistic, but this is a solution that addresses an area of our energy problems. The electric vehicle is a solution and I feel all these numbers would be better if today everybody bought an electric vehicle and junked the vehicle they are driving. This too is not realistic, but if we look at what is possible, to retrofit the vehicle you are driving for $3 to $5 thousand or to buy a new vehicle for $20 to $50 thousand. Adding electric drive to the vehicle that you have will increase the value and the life of that vehicle. Most banks and finance companies will do that. EDAK’s electric drive unit is affordable and realistic for everybody.
The last point that I want to make is to look at the cost of oil and the supply. In the years to come as the supply of oil dwindles and the cost of drilling goes up where would you like to be. A vehicle that runs on electricity is going to be a must. There is a feeling of independence knowing that I can produce electricity by solar, wind, or if I have to a bicycle with a generator and not being able to with gas. This is not a guess about the future what is a guess is when.
.