Jun
23
Posted (Van Santos) in Business on June-23-2009

I’m not so sure what to make of this. Ford, Nissan and Tesla Motors are rumored to be in line for government loans in order to develop “green” technology.

Dozens of auto companies, suppliers and battery makers have sought a total of $38 billion from the loan program. Ford has asked to receive $5 billion in loans by 2011, but it was unclear how much money the automaker would receive. Nissan has applied for an undisclosed amount of assistance, while Tesla has sought $450 million.

..

The loans were designed to help the auto manufacturers meet new fuel-efficiency standards of at least 35 miles per gallon by 2020, a 40 percent increase over current standards.

While they are not “bail out” loans I still feel a bit odd about this, especially since Ford had been pushing the whole “we don’t need loans” concept since last fall. It’s the “little engine that could” feeling. I want them to make it and even though this loan isn’t a bail out, per se, the fact they went to the bar for a drink is a wee bit disappointing to me.



 
Jan
02
Posted (Van Santos) in Business on January-2-2009

Now this has the potential to be very, very cool. 

Toyota is allegedly developing a car that will be powered by 100% solar energy.  However, the release of such an automobile is years away from actually coming to market. The development plan has two phases – the first is to produce a car that is able to obtain energy from solar cells within the vehicle as well as being charged via solar cells from homes.  The second version would be powered strictly by solar cells on the vehicle.

While this has the potential to be very cool, there are a number of things that we should take into consideration.

  1. Initially such a car would, most likely, be a smaller vehicle due to the energy consumption needs.  I would venture a guess that this could be the size of a Prius or Smartcar.  As the technology progresses and batteries get smaller, a large car may be developed.
  2. Solar energy is, obviously, a clean and renewable energy source.  Unfortunately, the technology used to create solar cells is NOT green in any manner.  Nitrogen trifluoride, which is used to treat solar panels, is a gas considered to be just as bad as Carbon Dioxide – if not worse.
  3. Adoption of solar for the home has not taken on in the United States on a large scale, which would make the first generation of this car would, most likely, be unavailable within the United States.
  4. As this would be “new” technology, the cost for early adapters would be rather high.

If this is the direction of Toyota and the Auto Industry, this has the potential to change the way the world views vehicles. I fear, however, there are a number of obstacles in the path of such a development at this point.