Thursday, July 31, 2008

Ambitious plans for electric cars

Spain has become a world leader in wind turbine manufacture thanks to a good wind regime and a generous feed-in tariff for windfarms feeding its national grid. Now it plans to become a world leader in electric car manufacture, if one reads between the lines of this Reuters report: The wind energy will charge the cars'batteries, of course.

SPAIN: July 31, 2008

MADRID - Spain's government aims to have 1 million electric cars on the roads by 2014 as part of a plan to cut energy consumption and dependence on expensive imports, Industry Minister Miguel Sebastian said on Tuesday.

"Electric vehicles are the future and the driver of the industrial revolution," Sebastian said in testimony to a congressional panel.

Sebastian recently unveiled government plans to cut energy use by 10 percent over two years in a bid to save 5 billion euros (US$7.87 billion) annually as oil prices soar and Spain suffers a severe economic slowdown.

The plan will cost 245 million euros and contains 31 measures, including a target to cut driving speeds by 20 percent.