Wednesday, 28 October 2009

Investment: Electric Cars vs Future -- Part 2

Electric Cars vs Future -- Part 2
Electric Cars and What's Next?

So after reading my previous entry[1], BYD may not necessarily be the best company to invest in. Then which one(s) will be the best?

For those of you who have read one of my previous entry on Hydrogen Future, you should understand well that electric cars don't really solve the problem of global warming, rechargeable batteries don't really reduce the amount of CO2 (carbon dioxide) emission, because generating electricity from the burning of fossil fuel is not economically beneficial -- that is, the electricity generated actually produces less power than burning the fossil fuels.[2]

So to make electric cars genuinely environmental-friendly, you need to rely on renewable energy or green power. And that, will be the ultimate fields to put your money in.

Can you name some?

They are the solar, wind, wave, hydroelectric, tidal, biomass, biofuel, geothermal, in order of my personal preference. How do I come up with the order? Tell you the details in the next entry.

But now, let us welcome Obama to give his lecture, and you'll probably find some strong reasons.

Your homework is: Watch the following movie clip.