Jolt

Chris Fuller

§ Sputnik (1957) spurred tremendous innovation=

<= span style=3D'mso-list:Ignore'>o&nb= sp; NASA

<= span style=3D'mso-list:Ignore'>o&nb= sp; Mathematics

<= span style=3D'mso-list:Ignore'>o&nb= sp; Economic boom

§ Chinese Greentech market is sized at $1 Trillion

§ According to John Doerr= , Internet market is $100 billion while the green market is $6 Trillion

§ ‘Electriconomy’-= US vs. China

<= span style=3D'mso-list:Ignore'>o&nb= sp; US has been major innovator in the past

<= span style=3D'mso-list:Ignore'>o&nb= sp; China is using the green tech as the time to begin innovation

§ Forces leading to EV’s

<= span style=3D'mso-list:Ignore'>o&nb= sp; The Planet

§ ‘Green is the new black’

<= span style=3D'mso-list:Ignore'>o&nb= sp; Peak oil and national security

§ The death of octane

<= span style=3D'mso-list:Ignore'>o&nb= sp; Molecules vs. Electrons

§ Economics

§ The planet

<= span style=3D'mso-list:Ignore'>o&nb= sp; Don’t need to be pro-green to go for EV’s

<= span style=3D'mso-list:Ignore'>o&nb= sp; US produces twice= as much CO₂ as any other developed country.

<= span style=3D'mso-list:Ignore'>o&nb= sp; Electric vehicles produce much less emission even with the current mix of electrical production (Coal, natural gas, etc.= )

<= span style=3D'mso-list:Ignore'>o&nb= sp; EV’s get cleaner over time because the elect= ric mix is shifting towards renewables.

§ Peak oil/security

<= span style=3D'mso-list:Ignore'>o&nb= sp; US- 4% of the population but consumes 25%

<= span style=3D'mso-list:Ignore'>o&nb= sp; US controls only 2% of world’s reserves

<= span style=3D'mso-list:Ignore'>o&nb= sp; 21 million of barrels used per day

<= span style=3D'mso-list:Ignore'>o&nb= sp; World demand for oil is growing dramatically (mainly developing countries rising)

<= span style=3D'mso-list:Ignore'>o&nb= sp; There isn’t enough oil to handle growing dem= and

<= span style=3D'mso-list:Ignore'>o&nb= sp; US has one of the least expensive prices per gallon (very lowly taxed in comparison)

<= span style=3D'mso-list:Ignore'>o&nb= sp; Price of gas is roughly twice the listed pri= ce because of taxes to protect pipelines, shipping lanes, etc.

<= span style=3D'mso-list:Ignore'>o&nb= sp; Every economic downturn in recent history has been preceded by change in oil prices

<= span style=3D'mso-list:Ignore'>o&nb= sp; Every $1 billion exported costs 27,000 jobs<= /p>

<= span style=3D'mso-list:Ignore'>o&nb= sp; 200+ Gigawatt ho= urs could drive 100,000,000 cars (low estimate)[amount of electricity produced = but not used]

§ Molecules vs. Electrons

<= span style=3D'mso-list:Ignore'>o&nb= sp; 60% of energy in internal combustion turns to heat

<= span style=3D'mso-list:Ignore'>o&nb= sp; $1 goes 8 miles on gas, 50+ miles on electri= c

· All manufacturers are going to be producing = EV’s

· Maintenance costs are significantly less for EV’s