Check out this video link: http://www.youtube.com/watchv=XdRS7eVVZbU                                   Electric motors in the wheels appear to be the most efficient for hybrid automobiles. the installing of electric motors in the wheels (Hub Motors) not only make for much more room but allows for the placement of a small motorcycle engine to charge the batteries and is a superior way to go.     This motorcycle engine is not intended to drive at freeway speeds but to provide enough horsepower for the battery charges .  The batteries will take you down the road at freeway plus speeds.                                               You need not be a rocket scientist to figure this out.                                   All you need is to install an engine that gets 100 plus miles per gallon and, like the Toyota Prius plug in, or like the Toyota Spirit of D.C. that gets 100 miles to the gallon. The installation of a 5 gallon tank will allow you to travel a minimum of 500 miles before you have to plug in or get more gas. YOU SAY,”IT COSTS ME TOO MUCH MONEY TO BUY ONE OF THESE MACHINES.”                                                                                                      I contacted a college statistician and he calculated the following:                 1. A 25 year old today will drive for a minimum of 25 years and travel 1,876,875 miles.                                                                                            2. At a price of 15 cents per mile, they will spend: $281,531.00. That’s for gas only and does not include parts, repairs, oil changes or car replacement purchases.                                                                                                      3. The current cost per mile of an all electric plug-in is 2 cents or a cost for that time: $ 37,537.00                                                                                   4. This total of a saving to you of $243,993.00                                             5. A plug-in  hybrid that gets 100 miles to the gallon will cost: $ 4.8 cents per mile, or a total of $90,090.00: Savings : $191,441.00.

EVEN AT A PURCHASE PRICE OF 40 OR 50 THOUSAND THE OVER ALL SAVINGS ARE GREAT.

THE BLOGGER LOGGER

It has captured my attention that many people are blaming today’s mortgage problem on banks who have given millions of dollars to people who are less than deserving of loans. Unfortunately, it is difficult to believe that this is the case, fully. The mortgages labeled as sub prime are only 7% of the total outstanding mortgages.

According to Professor Mark J. Perry’s Blog for Economics and Finance

Fortunately, subprime ARMs make up only 7% of the total mortgage loans outstanding according to the MBA, or about one out of every 14 loans, and of those subprime ARM loans outstanding, about 1 out 20 were in foreclosure in 2007-Q3, or about 1/3 of 1% of all mortgages.

So it seems impossible that this tiny portion of foreclosed mortgages could possibly cause such a large drop in housing prices. Some say it is possible that the sub prime market could have poisoned land values. When the few sub prime mortgage holders foreclosed on their homes it caused a ripple effect lowering prices of  neighboring homes and raising adjustable rate mortgages causing them to foreclose.

Take a different idea altogether into consideration. The United States was built on the prospect of the gas combustion automobile. For the past 70 years or so the country has been developing a system of roads and highways that connect the cities and jobs to the housing. This system was great while gas prices were low, but as prices doubled it became difficult for many to pay to commute. When the United States began industrializing rapidly, the main mode of transportation for both people and product was predominately rail. It was after 1910 or so that a shift occurred to the automobile and trucks for transportation.

If gas prices reached a point where people could not pay their mortgages, would it be possible that this was the cause of the larger scale foreclosure rate? The same principle behind the ripple effect of foreclosures can be put into action again here. After a few foreclosures, housing prices would fall in the area and increase the monthly cost mortgage cost for the people who were paying their adjustable mortgages without a problem.

So, what is the solution? Go Electric!

Convert your car.
Buy an electric.
Buy a hybrid.
Take the train (if possible)
Install Solar Panels.

Now that gas prices are becoming a problem, solutions are being put into action. It doesn’t have to be a difficult solution the people take action. You need to make a change. If you wait for the government to make changes it will take forever. Do you really want to keep the need for volatile petroleum prices to keep rule?

Can anyone out there how many all Electric vehicles and/or hybrids there are in the US today? This includes home made retro-fit’s (converting a gas to electric)

I can come up with a mathematical guess. In our area of 250,000 people there are about 45 PEV’s and HEV’s. The national population is 305 million. This equates to about 54,900 EV’s including hybrids.

Taking into account mass transit in more populated areas, I cut this by 50% and came up with a total of about 27,450 and this seems like a large amount.

According to the US Department of Transportation (DOT), there are over 250 million registered vehicles in America.                    1. Cars: 135 million plus                                                                               2. SUV’s and Pick up Trucks:  35 million Plus                             3. Motor cycles, Trucks and Others: 80 million Plus

The newly manufactured vehicles average sticker price is: $29,749.00.

I think the major concern that the average American has today is, how much the monthly hybrid or plug in EV going to cost me? And, how much am I going to save by buying one? Or am I paying to save the environment?    They do know that it takes between $ 30.00 and $ 70.00 each time they fill  their cars. 

The biggest question  today is, If I buy and electric vehicle, am I going to save any money?

In my next article, I will try to answer these questions.