John Hennessy III,
P.E.
POLICY MATTERS OHIO
Ohioans spend a large amount of money on energy. In 2010, we spent $45 billion, nearly 10 percent of our state’s gross domestic product. Nearly half of those energy dollars (or more than $20 billion) was spent to fuel cars, trucks, and buses, and nearly all of which left the state or country in order to import oil. Ohio can reduce its dependence on imported oil by promoting electric vehicles (EVs) and buses, as well as passenger and freight rail.
POLICY MATTERS OHIO
America once led the world in production of rail cars, buses and other forms of transportation capital stock. As national attention shifted to highways and air transit in the second half of the twentieth century, investment in rail and public transit dwindled. New interest sparked by climate change and the dangers of dependency on fossil fuel and foreign oil have brought attention to pent-up demand and investment needs in this sector. National investments to repair existing stock and implement plans already in the works would provide sufficient demand to start rebuilding the public transit manufacturing sector…
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