Print 10 comment(s) - last by Iaiken.. on Apr 21 at 10:28 AM

The Obama administration will work with Google to put electric vehicle stations on Google Maps, and will also award $5 million for community-based efforts to expand electric vehicle adoption

Google has made several environmentally friendly commitments lately. For instance, the web giant invested $168 million in the Ivanpah Solar Electric Generating System in the Mojave Desert in California, and just invested another $100 million in the Shepherds Flat Wind Farm in Arlington, Oregon. Google has also played a role in the adoption of electric vehicles through programs like RechargeIT. 

Early last month, Google even added electric vehicle charging stations to Google Maps in an effort to make electric vehicle ownership more convenient. 

Now, President Barack Obama is looking to put 1 million electric vehicles on the road by 2015, and to cut oil imports by one-third by 2025. To reach this goal, the Department of Energy's National Renewable Energy Laboratory is partnering with Google to provide "up-to-date information about electric vehicle charging stations in communities worldwide." This initiative will build upon the efforts that Google kicked off in March with Google Maps

“Through this collaboration, key players from the electric vehicle and online mapping industries are coming together to ensure a consistent source of charging station location data that will allow consumers to find every charging station throughout the country,” said NREL Project Manager Witt Sparks.

“Google is excited to be part of the GeoEVSE Forum and to share EVSE location data with users through Google Maps,” added Cynthia Yeung of Google’s Strategic Partnerships team. “We’re proud to help give drivers the power to plug in.”

The Obama administration's second effort is to award $5 million in funding for "community-based efforts" to expand electric vehicle charging stations and infrastructure. Local governments and private companies will join forces to apply for funding to push for increased installation of electric vehicle charging stations in order to accelerate the adoption of electric vehicles. 

In addition, communities will create strategies and incentive programs to improve the electric vehicle experience. 

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RE: So
By phxfreddy on 4/21/2011 8:39:37 AM , Rating: 2
You used the word "moronic"

...egad if I were you I would avoid using the word. I am surprised you did not suggest we all ride unicorns that come with exit cavities preloaded with confetti so that on New Years we could set them off like party poppers.

Really your economic ignorance is showing. Try googling Micheal Shedlock. Then start reading his economic blog forever. I say forever because it is going to take a while to remedy what ails you.

RE: So
By Iaiken on 4/21/2011 10:28:42 AM , Rating: 2
I'm more than familiar with both his work and the tripe that he touts.

His assertion that "it makes no difference" where this money comes from is dishonest at best.

The biggest problem is that a single dollar worth of government bonds is exchanged for a federal reserve note that comes pre-loaded with interest. It is then used to "create" up to nine other dollars also pre-loaded with interest to nine other banks for convenience sake. These nine banks then hold on to their one dollar credit/debt and create another nine dollars each worth of credit for other third parties. The one dollar credit created in the hands of the government must now service $81 plus interest.

This is stupid because the US treasury could have simply cut out the middle man and created dollar bills that didn't carry this same burden of interest with them. This allow the government to finance projects and facilitate loans to banks, at interest that would have instead been collected by the Federal Reserve Bank. It's been shown time and again that the estimated income of the FRB alone is enough to not only pay off the deficit, but to virtually eliminate taxes in the long run.

From there on out, I agree with Mr. Shedlock that steady inflation is unavoidable. However, it can be minimized by the gradual increase of reserve requirements on banks (they don't have to reach 100% reserve ever) in order to prevent profits from interest from being relent at interest and allowing the treasury to approach a better understanding of just how much trade is going on and where money is tied up.

Essentially ALL of your taxes go to the FRB in order to support the overwhelming interest burden created by it's exclusive mandate to print money at interest. So while people like yourself and Shedlock like to point to the deficit as the problem, the real problem is the interest itself. The question is, why is the private federal reserve bank entitled to this interest and not the government?

The solution really is absurdly simple... The government assumes the role of the fed = government collects profits that the feds shareholders were supposedly "entitled" to = no deficit. Neither is this a new idea and greatest sustained periods prosperity ever achieved by the United States and Britain were carried out in the absence of a private central bank. It doesn't even have to be backed by anything. It just has to be a promise to pay that is good for the payment of taxes (tally sticks anyone?).

