Clean Fleet Reporthybrid & electric cars smart charged with renewable energy
Ten Reasons for drop in Car Ownership
In the United States, we embarrassingly have more vehicles than people with driver’s licenses. AAA estimates that it costs $8,000 per year for each car owned, which creates a financial burden on cash-strapped Americans. To the rescue are 10 positive trends that helped Americans scrap 14 million cars in 2009, while only buying 10.5 million new ones. Ownership is declining because of 10 factors including urban density, transit, employer programs, and intermodal intelligence.
PowerShares Global Transportation
The transportation industry is beginning the biggest transformation since Henry Ford started making cars affordable for the mass market. Engines powered by petroleum fuels are being replaced with electric motors powered by renewable energy. A growing amount of goods movement is by rail and moving people by high-speed rail. A portfolio of companies that participate in these long-term trends comprise the portfolio of Invesco PowerShares Global Transportation.
High-Speed Rail Unlocks Intermodal Potential
A central transportation hub in California is the Diridon Station in San Jose. In ten years, the Diridon Station is likely to see high volumes of travelers as high-speed rail shuttles people to and from San Francisco in 30 minutes. Intermodal transportation is likely to include light-rail, bus rapid transit, zero-emission buses, people-movers, and electric vehicles.
Public Transit Supports Record Riders Despite Loss of Revenue
Despite falling gas prices and an economic recession, increasing numbers of Americans took 10.7 billion trips on public transportation in 2008, the highest level of ridership in 52 years and a modern ridership record, according to a report released today by the American Public Transportation Association (APTA).
