The Rise Of Hybrid And Electric Aircraft
At the recent biannual aviation showcase, electrically propelled aircraft successfully stole the limelight. Like others, I am equally excited by the future of transport made possible by hybrid and electric aircraft. Urban flying taxis and long-range electric planes may become reality in the near future.
Hybrid And Electric Aircraft
Total spending on jet fuel by aviation industries around the world is estimated at US$180 billion every year. In the face of increasing competition, airline operators around the world have been desperately looking for new ways to cut cost and improve its operational efficiency. Hybrid and electric aircraft seem to be the solution. You may sign up for economics tuition with Economics Cafe Learning Centre to find out how hybrid and electric aircraft can help improve operational efficiency. Founded by principal economics tutor Mr Edmund Quek, Economics Cafe Learning Centre is the best economics tuition centre in Singapore. According to Eviation Aircraft, an Israeli electric aircraft maker, its electric airplane Alice which is able to fly nine passengers across 650 miles on a single charge has the potential to reduce airlines’ operational costs by 70 per cent. The US regional carrier Cape Air is among Alice’s first customers.
Apart from Alice, there are close to 200 electric aircrafts being developed, a significant increase of over 50 per cent as compared with last year. The surge in investment in electric aircraft gives a clear indication of the anticipated rising demand. This is also evidenced by the proposed acquisition by Roll-Royce of Siemens’ electric and hybrid-electric aerospace propulsion business. The deal involving the two heavyweights in the global aviation industry is expected to close later this year. With guidance from your economics tutor in economics tuition, explain why an increase in demand can be expected.
Other companies have turned to hybrid aircraft as their solution to increasing fuel and related operational cost. Major players such as Airbus, United Technologies and Raytheon have announced plans to launch hybrid aircraft by 2022. The hybrid aircraft will have a distributed hybrid propulsion system equipped with a turbogenerator to power the electric motors and propellers. In discussion with your economics tutor in your economics tuition class, list out the various advantages of hybrid aircraft over electric aircraft. A good economics tutor should be able to incorporate real world events into his economics tuition.
Hybrid Electric Vehicles
The first hybrid electric vehicle was launched in 1996 of limited production by General Motors. One year later, Toyota also came up with its hybrid electric vehicle. Tesla, Nissan and Chevrolet followed suit. By end 2012, annual global sales of hybrid electric vehicles passed the 100,000 mark. In 2015, global cumulative hybrid electric vehicles sales exceeded 1 million units. By end 2017, global market share of hybrid electric vehicles passed 1 per cent for the first time. Currently, over 2 million units of hybrid electric vehicles are sold across the globe every year. Altogether, cumulative sales of hybrid electric vehicles is over 5 million units. Besides lower fuel cost, another benefit of hybrid electric vehicles is reduced air pollution. You may consult your economics tutor in your economics tuition class on the significance of reducing air pollution in China. Mr Edmund Quek is the best economics tutor in Singapore who covers the various real world economic events in his economics tuition. To check out his economics tuition class schedule, please visit his website at www.economicscafe.com.sg.
China is the largest market for hybrid electric vehicles, accounting for over half of the global consumption. The majority of such vehicles are produced domestically in China. This can be attributed to the various government incentives to promote hybrid electric vehicles, obviously in a bid to reduce fuel consumption and air pollution. The Chinese government offers a subsidy of up to US$9,800 for the purchase of a hybrid electric vehicle. This is coupled with plans to roll out its green new energy license plate scheme to facilitate preferential traffic policies in favour of hybrid electric vehicle owners.
Linda Geng
Economics Tuition Singapore @ Economics Cafe
Principal Economics Tutor: Mr. Edmund Quek