With gas prices rising above four dollars per gallon, families and businesses are feeling the effects. And once again elected officials are clamoring for action to instantly reverse that trend. But we know that you can't bring down energy prices overnight.
Fortunately, since 2009, the Department of Transportation has been investing in transportation options that free Americans from the high cost of refilling their gas-powered cars.
Whether it's high-speed rail, transit, or walkable, bikeable streets, we are working to foster alternatives so people can choose to quit feeding their local gas pumps and continue feeding their families, their college savings accounts, and their retirement funds.
"Innovation Motorcade" charges through Washington
One approach that is already reducing fuel costs for drivers and creating jobs is the Obama Administration's support for electric and hybrid vehicles. Earlier today, I was happy to share that news at the Electric Drive Transportation Association’s 2011 Conference. And, for those who didn’t realize the maturity of this industry, today’s “Innovation Motorcade” of electric vehicles parading through Washington, DC, was a real eye-opener.
A few years ago, US businesses made just 2 percent of batteries for emerging cars like the Chevy Volt and the electric Ford Focus. But a few years from now, America will be home to 40 percent of the world's automotive battery manufacturing capacity. That means jobs. In fact, workers are on the job right now, pioneering advanced batteries at Compact Power in Michigan.
It also means the status quo on America's roadways is beginning to give way to a future--long overdue--in which electric and hybrid vehicles are the norm, not the exception.
Am I sad that my Buick Regal is about to become a classic? Not at all. I'm excited that we're finally on the verge of a 21st century transportation system that suits the energy and environmental realities we face.