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Alliance Bernstein says PHEV are "game-changing technology"

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  • Felix Kramer
    The transition to hybrid power could change the world! says Alliance Bernstein--self-described at http://www.alliancebernstein.com as one of the largest
    Message 1 of 1 , Aug 17, 2006
      "The transition to hybrid power could change the world!" says
      Alliance Bernstein--self-described at
      http://www.alliancebernstein.com as "one of the largest publicly
      traded global asset management firms in the world with approximately
      $625 billion in assets under management at June 30, 2006."
      In the wake of the past months' major reports and articles in The
      Economist, Scientific American, much testimony in Congress, and
      endorsements from so many well-respected individuals, this document
      could be be any eye-opener to any world business or government leader.

      Read the 56-page report at http://www.setamericafree.org/phev_INS-0955-0606.pdf

      Excerpts from: Ending Oil's Stranglehold on Transportation and the Economy

      "The world is on the cusp of a major transition to hybridpower
      vehicles, which use highly efficient electric motors to boost the
      fuel efficiency of vehicles powered by internal combustion engines.
      This is a game-changing technology that promises to increase energy
      efficiency substantially, make a broad range of fuels available for
      powering vehicles, and meaningfully reduce demand for oil from the
      transportation sector.

      "Over the last 30 years, many industries have either dramatically
      improved their energy efficiency or shifted to alternative fuel
      sources; transportation has been an exception. As a result, the
      composition of oil consumption has shifted dramatically toward
      transportation, from 33% of total oil demand in 1971 to about 50% today [...]

      "The shift to transportation systems largely powered by electricity
      will be the next phase in the broad transition away from relatively
      inefficient mechanical systems [...]

      "Plug-in hybrid electric vehicles are likely to arrive as an
      extension of the hybrids available today. Like the latter, plug-ins
      are powered by both liquid fuel (gasoline or diesel) and batteries.
      But in addition to being charged by the gasoline engine and
      regenerative braking, plugin hybrids may be recharged by plugging
      into standard electric outlets [...]

      "If most consumers recharge the batteries in their plug-in vehicles
      from the electrical grid, the fuel ultimately powering their vehicle
      is likely to be coal, natural gas or uranium, rather than oil. Such
      flexibility would be truly gamechanging. Economic growth, which is
      inextricably linked to transportation, could be almost entirely
      decoupled from oil. This could reshape the foreign policies of such
      oil-importing countries and regions as the US, Japan, Western Europe,
      China and India. The economic and political implications for the few
      oil-rich exporting nations, by contrast, are likely to be grim.
      Indeed, the transition to hybrid power could change the world!"

      -- -- -- -- -- -- -- -- -- -- -- --
      Felix Kramer fkramer@...
      Founder California Cars Initiative
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