In transportation, as in so many economic sectors, the needs of the planet and the demands of capitalism are pulling in the same direction. An investment in fast-growing clean transportation technology is an attractive business proposition.
There's a quiet revolution in car use, driving patterns and car technologies that fundamentally will change transportation needs, infrastructure investments and traditional financing structures. As gas tax revenues decline, we need to prioritize better and make smart choices.
As the largest industry in the world and employing over 11% of the world's workforce, tourism has the ability to significantly reduce carbon emissions through their building, transportation, and energy policies and programs.
Nations such as South Korea, Japan, and China are aggressively investing billions of dollars in research and development and incentivizing deployment of EVs to capture large shares in this growing worldwide sector. We should too.
Policies that are good for bicyclists actually benefit everyone on the streets. Good conditions for bicycling also create good conditions for pedestrians. And what makes the streets safer for bikes, also makes them safer for motorists.
The U.S. consumes about 6.5 billion barrels of oil a year. About 60 percent of it is imported. Getting rid of these imports would have had the same impact in 2010 as a $300 billion dollar tax cut on American consumers and the American economy.