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uh one of the things that is very
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interesting to me is what is happening
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with the sort of dichotomy of cleaner
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cities and you know issue one is we want
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to have cleaner cities we know the
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amount of pollution that is currently
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emitted from Autos is unsustainable we
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also know that there is a huge builtin
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Transportation Network which also is
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emitting carbon and cities are
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recognizing that there needs to be
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Innovation there needs to be a new
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approach and the thing that is helps is
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government government can step in and
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incent government can incent through tax
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structure government can incent through
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research government can incent through
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allout
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grants and that modifies Behavior
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wellestablished
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the problem becomes that when government
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does not have a overarching policy does
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not have a direction that people can
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depend upon policies they can depend
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upon incentives they can depend upon it
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retards investment it retards investment
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because the risk profile increases the
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more that I am uncertain whether I'm
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going to get the dollars I'm counting on
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as part of my financial model the less
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likely I'm going to be able to get the
00:01:34
investment I need from Private Industry
00:01:36
private investors to do the research I
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need to do to create the new products
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that I want to create to innovate in the
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kind of technology that our cities
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really need today one of the pieces that
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I think is most exciting about what can
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be done positively in the urban
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environment today is really about how
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electric vehicles and alternative
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transportation Vehicles can positively
00:02:02
impact the way that people commute the
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way that people drive and I'm especially
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excited about El electric vehicles I uh
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I actually bought my first hybrid
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plug-in recently and got an experience
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of what it's like to deal with both the
00:02:19
Ecstasy and the pain of that and the
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Ecstasy is the the performance the
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Ecstasy is the lower emissions but I
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also need to figure out where I'm going
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to plug it in and how long it's going to
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take for me to charge it and where I can
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charge it and this is where huge
00:02:38
opportunity exists um I'm especially
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excited about how you can combine
00:02:44
Technologies where you can take solar
00:02:47
and charge the electric batteries you
00:02:50
need I'm excited about Innovative
00:02:52
programs where batteries can be swapped
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out instead of you owning the battery
00:02:56
you swap out your
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battery and this will only happen as the
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critical mass grows and it it's always
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the Chicken and the Egg here you know at
00:03:06
one level you don't want to buy the
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electric car because you're afraid
00:03:10
you're not going to be able to charge it
00:03:11
on the other hand if it's too expensive
00:03:15
you're not going to buy the electric car
00:03:16
and so the model has to be right sized
00:03:20
and there has to be investment
00:03:22
unfortunately or fortunately as the case
00:03:25
may be the government needs to step in
00:03:27
and help to bring this technology where
00:03:29
it needs to be and invest in some of the
00:03:32
Cutting Edge research that needs to
00:03:34
happen to cut down charging times to
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help create the incentives consistently
00:03:39
for folks to want to purchase what is
00:03:42
now a more expensive purchase and
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ultimately the cities need to step in
00:03:46
and create the infrastructure around
00:03:48
this so people can dependably know that
00:03:52
when they need to get power for their
00:03:53
car it's there the United States has a
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long history of supporting
00:04:00
emerging transportation technology you
00:04:02
can go back to the railroad you can go
00:04:04
to air transportation you can go to the
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gasoline car and at every step of the
00:04:09
way government has had to step in to
00:04:12
create both the incentives and the
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financial infrastructure to support the
00:04:16
growth of these businesses and there's
00:04:18
no there's no evil there uh I want to be
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clear this is not about saying
00:04:24
government needs to be involved more but
00:04:27
government has an appropriate role and
00:04:30
it is not creating a new paradigm here
00:04:32
to be supporting this technology and if
00:04:35
you look at the dollars that has been
00:04:36
supported for clean technology and clean
00:04:40
tech companies versus traditional fossil
00:04:42
fuels and traditional Transportation
00:04:45
Technologies it's not even in the same
00:04:48
ballpark the the dollars are so
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outweighed by the traditional oil gas
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Technologies versus what we're looking
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to jump start what will be our future
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[Music]
