Energy storage system for GM Volt — lifetime benefits

The rapid expansion of hybrid and alternative fuel vehicles into the marketplace will make a significant impact on greenhouse gas emissions and reduction in dependence on volatile world oil market. However, there are several obstacles preventing mass adoption of these automotive improvements. These obstacles include alternative energy costs, fluctuation in oil prices, and supplies of alternative energy. This paper will analyze the Chevy Volt Extended Range Electric Vehicle (EREV) gas savings, CO2 reduction, and reduction in oil consumption based on a real world model derived from actual vehicle and driver profiles. The benefits of the Volt and other alternative energy vehicles are dependent upon the number of vehicles used by the overall population. Government regulations and the price of oil will greatly influence the rapid adoption of these vehicles.