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Group Paper - Joshua Hu Xiao Lin Yifan Shi Davis Zhou Clean...

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Joshua Hu Xiao Lin Yifan Shi Davis Zhou Clean Energy Innovation in Motor Transportation As a nation and a society, we are increasingly dependent on archaic and unsustainable methods of energy consumption as demand steadily rises while supply rapidly dwindles. The United States consumes nearly 19 million barrels of oil a day, or 25 percent of the global consumption. Obviously, this level of usage is unsustainable in the long run and will have economic repercussions and negative environmental consequences. Clean energy in transportation is an important issue because it affects this nation’s environmental and social well-being as well as this country’s competitive advantage. According to the U.S Energy Information Administration, transportation accounts for 30% of U.S. greenhouse gas emissions and 72% of the nation’s oil use. In this paper, we will explore the current technologies and alternatives to fossil fuels, the policies and initiatives impacting their use, and the potential avenues for their implementation. Our problem is simple: the current methodology regarding domestic energy consumption is unsustainable and impractical long-term. To maintain our competitive advantage domestically and abroad, investments must be made into cleaner and more efficient alternatives. This is especially relevant within the field of transportation, which according to estimates accounts for nearly 6%-12% of this nation’s GDP. While the issue of clean energy is pertinent to all 5 modes of transportation, we will focus mainly on the motor aspect. Addressing the issue of clean energy comprehensively and exhaustively regarding all 5 modes of transportation is beyond the scope of this paper; instead, we choose to focus on motor because it is the most prevalent and most influential mode of transportation in the United States. Mostly, our research highlights currently available technologies, as well as emerging innovations, and policies that promote
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investments in cleaner alternatives. Furthermore, we address how the development and implementation of these separate and diverse technologies will potentially affect the trucking industry. Lastly, we assess the impacts on the environment, the potential improvements on operating performance, and the social advantages of implementation within motor transportation. Historically, there have been many attempts to utilize clean alternatives sources of energy although recently there has been greater emphasis due to emergent technologies and changing attitudes. Technological innovation of energy sources has always been a process of evolution. Economic historians studied the key transitions of alternative energies and regarded the transitions as pivotal in bringing about significant economic change. First wood was used as the primary source of energy. Then coal gradually replaced wood as an alternative mainly due to deforestation. The use of coal developed as a necessity as natural resources became scarce. In the early 19th century, whale and animal oil were prevalent sources until depletion of whale
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Group Paper - Joshua Hu Xiao Lin Yifan Shi Davis Zhou Clean...

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