Electric cars are being hailed as the future. No, it’s not 1901, but 2011. Over a century ago, gas-powered cars fought for early adopters of horseless carriage technology against electric-powered cars. Yes, what’s old is new again. Except gas won last time. Now, it’s all a bit murky.
Half-upstart/half-vapourware shillers like Tesla and Fisker, as well as old guards like Morgan, are tripping over themselves to electrify your driveway. Despite compromises such as limited range, heavy batteries, and tortuous charge times, car makers (with a little nudge from government regulators) aspire to wean us off petroleum and reduce the carbon emissions from our tailpipes.
And it’s easy to see why. It’s where the money is. Governments are investing in the crucial infrastructure needed to charge the hobbled beasts by installing electric charging points and giving out massive loans to companies who promise to build electric cars in their country. The government has picked a side, which means that you will too.
But there are alternatives, and not just corn-based ethanol – that grotesque shell game that subsidizes American farmers so that they can grow fuel that would otherwise make perfectly good food – but Hydrogen. Yes, it’s a bit combustible (see Hindenburg) and it requires extremely high pressures to be kept stable, but it also allows for refuelling in 5 minutes, a lot less than the 5 hours an electric car currently needs. If Hydrogen received the same kind of government support, it could prove to be a more viable alternative to plug-in electric power. The only way to find out is to invest. Just like these companies are…+Continue Reading