Car Ownership and Financing in Changing Times Annie E' Casey Foundation December 3, 2008 - PowerPoint PPT Presentation

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Car Ownership and Financing in Changing Times Annie E' Casey Foundation December 3, 2008

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Car Ownership and Financing in Changing Times. Annie E. Casey Foundation. December 3, 2008 ... Economy car (32 mpg) drops Btu/mi to 2662. Hybrids drop Btu/mi to 1893 ... – PowerPoint PPT presentation

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Title: Car Ownership and Financing in Changing Times Annie E' Casey Foundation December 3, 2008


1
Car Ownership and Financing in Changing
TimesAnnie E. Casey FoundationDecember 3, 2008
  • A Few Reflections on The Rocky Road Ahead
  • or

2
Car Ownership and Financing in Changing
TimesAnnie E. Casey FoundationDecember 3, 2008
  • Opportunity Cars takes on Peak Oil, Climate
    Change and a Deepening Global Recession
  • Peter Kilde

3
  • Gulp!

4
What is Peak Oil?
  • The point at which an areas oil production
    reaches its maximum and declines until exhaustion
  • Demand begins to exceed supply
  • Global peak occurs when production from new
    fields/unconventional sources cant replace loss
    from existing fields/conventional sources
  • 33 of 48 major oil producing countries already in
    decline

5
And Why Do We Care?
  • Fuel prices will rise dramatically as supply
    tightens
  • The poor hit first and hardest by recession and
    other economic consequences
  • Gas supply shortages a real possibility

6
  • OK. But what does Climate Change have to do with
    it?
  • A lot

7
James Hansen Illinois Wesleyan
University Climate Tipping Points Threat to
the Planet 19 February 2008
8
And Why Do We Care?
  • Consensus emerging around 80 emission reduction
    in 40 years
  • Even if the Peak Oil folks are wrong (they
    arent) and we found more oil, we couldnt use it
  • Cap and trade will increase the cost and reduce
    the supply of petroleum. Period.

9
  • so

10

11
The Automobile Problem
  • Economy car (32 mpg) drops Btu/mi to 2662
  • Hybrids drop Btu/mi to 1893
  • Vanpools come in at 1294 Btu/mi
  • 1 million hybrids in a world with 800 million cars

12
the JumpStart Program
A program that helps TANF moms buy late model
economy cars
13
The Smart Jitney Option
Intermediate solution that uses existing
vehicles Jitney can be defined as a small bus or
car that carries passengers. Also, as an
informal taxi. Basically, a form of mass
transit using cars and vans, not buses, that are
not required to follow a fixed schedule A
traditional system, but using technology to
adapted to US today
14
Smart Jitney
  • Set up as formal system, with appropriate
    regulation
  • Utilize new technology to match riders with
    jitney cars
  • Increase occupancy from 1.5 persons per trip to
    4-6.
  • SUV that gets 10 mpg with one passenger, now gets
    60 mpg
  • Reduce cars, save gas, save money, provide
    enterprise

15
Ride Sharing
Community Wheels Co-op
  • West CAP Option

Somali Association will purchase two small vans
through JumpStart They will contract with
part-time drivers Workforce will contract to pay
for shared rides for jobs and education. Other
community services will also contract for
services Drivers will be able to use vehicles as
entrepreneurs to provide services on their own
e.g. weekend trips to Minneapolis.
16
Other ideas Electric Conversions
  • 6500 to 50,000
  • Not yet widely available or supported
  • Generally very limited range
  • Worth a look anyway

17
Other ideas The Tesla Roadster
  • 100 electric
  • 244 miles per charge
  • 0 60 in 3.9 seconds
  • 180,000 price tag may strain low income budgets
  • Worth a look anyway

18
  • So. How can we finance good economy cars, shared
    ownership models, hybrids, jitneys and emerging
    green technologies for low income drivers?
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