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Electric Cars in the US - Essay Example

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China is the biggest contributor to the rise in demand for crude oil. The growth of China is bigger than what people think. I recently read an article that stated that the imports of China of US goods had gone up 468% since 2000. As the Chinese have increased their income per capita so has their desire to spend money on consumer products. The industrial activity of China and the fact that China is importing a lot of vehicles are the two primary reasons for their higher consumption of petroleum. It was interesting that the sales of the Sonata and the Electra had gone up 55%. I wonder what will be the impact in the market of the Chevy Volt which has the capability of giving upwards of 200 mpg. We are currently at virtually $4 a gallon, if the prices go up to $5 a gallon as the article implied drivers in America will continue to look for ways to reduce their driving patters. Options such as car pooling to work and using public transportation are great ways to save money on gas. Due to the trend of higher gasoline prices in the near future the Big Three have to design more cars that are capable of better mpg ratings.

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Summary

The news that Americans are driving less is not surprising. During the last three to six months the price of gasoline has been going up on a weekly basis. A person puts gas and by the time they put gas again a few days later the price has gone up…
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