This report estimates that U.S. cities could save half a trillion dollars by investing in "smart surface technologies." The study takes into account obvious factors like energy use and less intuitive ones like tourism revenues.
Unlike Trump's suggested quarter-per-gallon gas tax, this 9-cents-per-barrel tax is real. Like the gas tax, it goes to a trust fund, to respond to oil spills rather than build and maintains roads. While small, it brings in $500 million annually.
Policymakers, auto manufacturers, and especially advocates are very engaged in transitioning from fossil fuel-powered vehicles to electric vehicles. The problem is that interest isn't shared by the general public, according to research by UC Davis.
By 2030, the world's consumption of oil will drop due to increasing electric vehicle sales, according to a report by Bank of America. Other researchers disagree on the timeframe. The report is useful for highlighting the term, "peak oil demand."
Residents will live in solar powered homes and ride around the community in self-driving, solar-powered shuttles. Babcock Ranch outside of Fort Myers, Florida, has been in the making since 2005. A city of 50,000 is forecasted.