How we shift America off oil
America's auto industry is in the midst of a change for the better. Right now, car dealers are offering customers twice as many hybrids as they were five years ago and seven times as many cars that can go 40 miles or more on a gallon of gas. Last year, General Motors sold more hybrid cars than ever before and Ford is working hard to keep up with demand for its fuel-efficient vehicles.
That trend is a key example of how innovation helps to drive business success -- and creates jobs for the middle class in America. But it's one thing to make a car more fuel efficient. It's another thing altogether to move cars and trucks off oil entirely.
And that's the next step. Here's how President Obama is proposing to get us there:
http://www.whitehouse.gov/infographic/e ... rity-trust
http://www.whitehouse.gov/infographic/e ... rity-trust
At a time when the sequester is forcing laboratories and science facilities across the country to scale back on their work, we need to keep investing in research.
Because if we can meet this goal, the benefits are clear. We'll help diminish the burden of spiking gas prices. We'll reduce our reliance on foreign oil. And most importantly, the kind of technological breakthroughs the Energy Security Trust will work to produce won't just create jobs -- they could create whole new industries.
