It's now more environmentally friendly to fly than to drive the same distance. That doesn't make it good for the environment, exactly, but Reuters' John Kemp reports on a new study out of the Transportation Research Institute at the University of Michigan:
As gas prices fluctuate between $3 and $4, car buyers continue to seek relief at the pump by focusing on cars with high fuel-efficiency. But unlike in recent years, in which hybrids were considered the best bets for consumers wanting high fuel economy, auto observers are now saying gas-powered vehicles may now be the biggest bang for the buck.
It may be counterintuitive, but walking might be worse for the environment than driving. That's the conclusion Richard B. Mckenzie, a professor of Economics at the Paul Merage School of Business comes to in his blog post on EconLib.
Courtesy of Kartikeya SinghAround the world, 1.2 billion people don't have access to electricity. That's nearly 17% of the world's population.
When the sun goes down, their day ends.
Students can't study past sundown. Shopowners have to close up early. Using the bathroom in the middle of the night can mean a dangerous trip outside.
CHENNAI: When it comes to buying a new car, Indian consumers will root more for mileage than engine power. According to a recent global survey by Ford, 6 out of 10 car buyers in India want a fuel efficient vehicle and 72% are looking to save money. Indian customers are seriously worried about fluctuating fuel prices and a good 60% don't expect fuel price stability in the next 12 months. As a result, 56% of Indian consumers planning to buy a new car in the next 12 months will go for a more fuel efficient vehicle rather than one that offers more engine power.
Frequent readers of this blog will know that I am enormously skeptical of most fuel and efficiency numbers for electric vehicles. Electric vehicles can be quite efficient, and I personally really enjoy the driving feel of an electric car, but most of the numbers published for them, including by the government, are garbage. I have previously written a series of articles challenging the EPA's MPGe methodology for electric cars.
Using a rich dataset for the European car markets, this column shows that consumers moderately undervalue future fuel costs. This investment inefficiency is too small to justify upfront car taxes to promote fuel efficient cars. A car tax results in a more fuel efficient vehicle fleet than a fuel tax, but fails to induce high-mileage consumers to substitute to more fuel efficient cars. Once we take this targeting effect into account, fuel taxes turn out to be more effective.
"With gas prices soaring again, car buyers are looking for more fuel-efficient vehicles. The Santa Monica Mountains Cyclery (SMMC), a bike shop in Woodland Hills near Los Angeles, has a different idea – drivers should opt for bicycles instead.