Tesla Motors, Inc. has purchased a shuttered auto plant in
Fremont, California, and will start building its Model S electric
vehicle (EV) there in 2012. In addition, Toyota Motor
Corporation is investing $50 million in Tesla and will partner
with the California automaker to develop EVs.
Fossil fuels provide more than 85% of all the energy consumed in the US, nearly two-thirds of our electricity, and virtually all of our transportation fuels. (Source: DOE)
Crude oil, taxes, refining, distribution and marking are the four main components that make up the retail price of a gallon of gasoline. (Source: EIA)
55 of the world's 65 largest oil producing countries are past their production peaks and in decline.
In 2007, about 58% of the petroleum consumed in the U.S. was imported from foreign countries--primarily Canada, Saudia Arabia, Venezuela, Mexico and Nigeria. (Source: EIA)
Today’s challenges of reducing greenhouse gas emissions while meeting the country’s steadily rising demand for electricity make it essential for legislatures and public utility commissions to shift their focus toward mechanisms that make demand reduction as profitable for utilities as increasing supply. (Source: Institute for 21st Century Energy)
