Consumption disruption in 2019?
The U.S. consumer has been a significant contributor to domestic economic growth in 2018. Will consumer consumption be hit by inflation in 2019?
A group of Egyptian students has developed a vehicle they say will promote clean energy and take on rising energy costs by running on nothing but air, reports Reuters.
The compressed oxygen-powered car was part of a graduation project for a team of mechanical engineering students at Helwan University. The students now plan to roll out a one-person prototype of the go-kart-like vehicle they claim has a top speed of nearly 25 mph and costs about $1,000 to build.
“The operational cost of the vehicle … will be almost nothing. You are basically using compressed air. You are not paying for fuel and also do not need cooling,” said Mahmoud Yasser, a member of the design team.
One possible downside: the prototype can travel only about 18 miles before needing to come up for air. (Source: Reuters
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