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Keeping the (Electric) Car Running

Jul 31, 2020
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When it comes to electric cars, its all about leadership. At least, that was the gist of a panel hosted by Tom Friedman at a Google-Brookings Institution conferenceon plug-in vehicles this week in Washington.
Friedman, a supporter of solar and wind technologies said he’s shocked there are no credits for such Earth-friendly innovations. "You just couldn’t make that up!" he exclaimed.
With gas prices over $4 a gallon, Sue Tierney of the consulting firm Analysis Group Inc. argued that the American public is open to a solution involving electric cars.
John Podesta, president of the liberal think tank the Center for American Progress, said that the U.S. should start following in the footsteps of other countries, like Japan and Korea, which have invested in battery technology.
Podesta and Tierney said that going hand-in-hand with government incentives to invest in new technologies, should be regulations that cap carbon, forcing industries to come up with more energy-efficient solutions. Penalties would fund the investment portion of their idea.
While not all of the panel’s participants agreed that federal policies will provide answers to our energy crisis, there was certainly a consensus that America needs to be leading the way when it comes to making plug-in electrics more widely available.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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