What would happen to our Economy if we all had Electric Cars?

Question:
If EVERYONE had Electric Cars tomorrow, and solar panels on our homes, what would happen to our economy? Would millions lose their jobs? Is this why we DON"T have a decent electric car? Has anyone seen the movie "Who Killed the Electric Car?" I think the car makers, the government and the oil industry are working together to keep the US from having an all Electric Car?

Answers:

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Luckily, large changes like this don't happen overnight. There will be plenty of time to adapt.
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As for peoples' comments here on the viability of electric cars, why would people assume no progress has been made in 30 years? Take a look at what a modern electric car is like:
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http://phoenixmotorcars.com/models/fleet...
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The Phoenix electric pickup truck - using new, advanced Altairnano batteries - can:

Where can I find a website that tells me..?


-Travel up to 250 miles per charge
-Carry 5 passengers plus cargo at 95mph.
-Charges batteries in as little as TEN MINUTES.
-Has batteries that last 250,000 miles (never need replacement.)

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This is a real car - it is not just a concept. Orders have been taken, and cars are being built for fleet customers (sales to individuals begin next year.) So why don't we hear about this car from our press, our government, or the auto companies?
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Keep an eye on the Phoenix. It might just 'disappear'.
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The economy would grow in another direction, especially since we have to figure out what to do with the spend batteries

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Be careful, the makers of films like that are very one-sided, and tend to embellish. As far as change I think there would be a bit of shift in world economics, but nothing terribly drastic other than the oil and coal industries slowly losing ground until we entirely converted. Maybe we would always need coal, I'm not to sure we could get the power need to run huge plants like steel mills.

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Why would you want to waste your money an an electric car? They are not worth the HYPE!

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The economy would collapse because nobody could make it to work without stopping overnight to recharge.

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If the general public had gone with the electric concept back in 1906 , the economics of the world would be in the same shape as today. The price of recharging your vehicle would be about $60 and the price of a semiconductor tune up would run maybe $200 .
The reason for the cost is the result of the previous sale.
The obvious conversion from fossil fuels to electricity must be done on a gradual rate to prevent global economic turmoil. A sudden change in any major consumer demand can cause extreme changes in production costs (which would be passed on to the consumer).
The picture becomes much more clear when you think outside the " box".
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