Power grid chief touts electric-car payback
While electric cars provided to the U.S. market in the coming years are likely to carry heavier price tags that many gas powered cars, Wellinghoff Agueda in an investor conference this week that owners of electric vehicles will benefit from lower costs to complete, reducing the cost long term operation.
On top of savings of $ 3 to $ 4 per gallon of gasoline in the coming years, Wellinghoff, president of the Federal Energy Regulatory Commission, said the network operators and power companies could pay owners to vehicle storage battery offered by nearly 22 hours a day electric cars would be connected to the power system in the nation.
“Plug-in hybrids could help stabilize the network and earn money for their owners,” Wellinghoff said, speaking at Knight Capital Group conference Electrifying Transportation “for institutional investors on Wednesday.
Wellinghoff, an attorney who specializes in energy issues before becoming chairman of the FERC earlier this year, before positive steps in green energy under President Barack Obama, who addressed climate change in a major this week UNspeech . High Wellinghoff Obama for president of the FERC.
Obama Administration received a government grant 529 million U.S. dollars for Fisker Automotive to build electric cars earlier this week. Automotive Tesla and others have also received hundreds of millions of dollars in government stimulus programs.
On the heels of government subsidies, which manufactures lithium-ion A123 Systems Inc., said a strong interest in its initial public offering on Thursday.
While the electric car industry is still in its infancy, proponents of plug-in vehicles waiting million models on the road in the next 10 years, which together could add to the energy storage capabilities of the nation.
Exchange of the main points of his chapter in the book “Plug-In Electric Vehicles”, edited by David Sandalow, Wellinghoff said the growth of solar energy and wind energy in the U.S. will create a greater need for storage capacity of the network to smooth the power increases.
Electric car batteries could help take the reins of storage, along with the flywheel systems.
Wellinghoff was accompanied at the conference by Knight Capital CEO Tom Joyce, who said he was driving a Tesla electric equipment before the meeting and was “possibly the best car I’ve been in.”
Other speakers included venture capitalists Chelsea Sexton of VantagePoint Venture Partners and Rockport Capital Dhiraj Malkani.
Speakers at the conference were optimistic about the investment in electric car.
Sexton said that electric cars are “cool, fast and fun” and that gasoline hybrid cars have managed to capture about 3 percent of the car market.
Malkani said that most U.S. consumers quickly passed to mobile phones and GPS systems and electric vehicles offer the advantage of avoiding gas stations and driving in the country. “We can all be pleasantly surprised,” said Malkani.