PowerTrends history

Tesla announced it would release a luxury electric sports car in 2006 — milestones ahead of the other players in the field that were still playing with the idea of hybrid models that partially relied on renewable energy but still kept the element of traditional energy supplies.

The Energy Independence and Security Act of 2007 which includes the Advanced Geothermal Research and Development Act of 2007(link is external) provided authorization and direction for DOE's geothermal research activities.

Through the American Recovery and Reinvestment Act (ARRA) of 2009, the Geothermal Technologies Office awarded $368.2 million to 149 geothermal projects in 38 states and the District of Columbia.

In FY 2010, the DOE Geothermal Technologies Office contributed $786,000 to the Small Business Innovation Research (SBIR) Program and $94,000 to the Small Business Technology Transfer (STTR) program for geothermal projects.

In 2013, the Desert Peak project completes an 8-month, multi-stage stimulation of an existing but underperforming well, successfully validating fluid injection and stimulation increases to levels within the magnitude of a commercial well, and dramatically increasing flow rate.

That's still a very small portion of the 1-billion-plus cars projected to be on the road as of 2015, but the number could keep growing.

According to the International Energy Agency, the "global electric car fleet exceeded 5.1 million" in 2018.