World's Cheapest Car Introduced
Ronald Bailey | January 10, 2008, 9:43am
India's Tata Motors unveiled the Nano--the world's cheapest car yesterday. The Nano is about 10 feet long, 5 feet wide. The 2-cylinder petrol engine delivers 33 horsepower and a top speed of just over 60 mph. The $2500 basic model has no radio, air-conditioning or air bags, but it does have seat belts, a catalytic converter to reduce air pollution and gets 50 miles to the gallon.
Compare the Tata Nano with the Ford Model T which was introduced in 1909. According to the Kansas City Star, it cost $825, had a 4-cylinder, 20 horsepower engine with a top speed of 45 mph. The Model T had fuel economy between 13 to 21 miles per gallon. It had no seatbelts, air-conditioning was provided by lowering the top, but it did feature acetylene headlamps.
Nearly a century of technological progress makes things a lot cheaper and vastly more functional. In
inflation-adjusted terms, a Model T would cost about $18,000 today. Conversely, a Tata Nano would cost only $115 in 1909 dollars.
Now that's progress!
The 1960 Beetle had a 34 horsepower engine and got 30 miles per gallon. It had no pollution controls or seat belts. The big news is that the Beetle got an actual gas gauge in 1961. It cost $1,565.
So today, a 1960 VW Beetle would cost about $10,500 in inflation-adjusted dollars. A Tata Nano would cost only $375 in 1960 dollars.
And what about the 1985 Yugo?
In 1985, it cost $3,990. Today, that would be about $7,500. And a Nano would cost around $4,700 $1,350 n 1985 dollars.
Dave W. | January 10, 2008, 11:10am | #
And yet the first person to fly a plane without any external aid, Santos-Dumont, was not motivated by patent incentives. Also, airplanes are not flying cars. If they were, we wouldn't call them airplanes. We would call them "flying cars." The idea of practical flying cars isn't just about the vehicle itself.
well, okay, let's go with the specific issue you are raising.
Of people out there who might be working on flying cars, but aren't, why aren't they. In theory, I can think of lots of reasons:
1. Too busy designing new weapons for US military on a cost plus basis paid out by tax funds (lookin' at you carrick).
2. Not convinced that the patent(s) obtained will provide reasonably bullet-proof exclusionary rights for a decent amout of time to give ROI. In other words, worried that they will have to compete with other manufacturer's flying cars -- manufacturers who specialize in building other people's machines but with cheaper labour.
3. too worried that patents of others, say the patent trolls, will tie them up in patent litigation even if the patent trolls patents are not truly helpful in making a practical flying car.
4. worried that there will not be a market. for example, the obvious safety issues may so restrict the operation of flying cars such that they are not palatable to a mass market. For example, many wives may not let their husbands buy flying cars. Insurance companies may charge a lot to insure flying cars. Regulators may regulate the crap out of flying cars. Etc.
5. There are other reasons that there might not be a market. For example, energy costs may be prohibitive.
6. Worried about product liability. Worried that they will not be able to effectively get consumers to legally disclaim any responsibility for design issues.
7. Technical barriers we do not appreciate as layppl. For example, it seems like the people who would most want flying cars are the military and contractors in Iraq. To spell it out, flying cars would help them avoid IED's. Put this obvious need together with the fact that weapons research is well-funded relative to consumer product research and you really begin to suspect that if flying cars were remotely feasible, then the army would have them.
Now, please understand that I am not saying that any of these seven factors are necessarily true, or necessarily important. However, if we want to make technology move fwd as fast as possible, then I think this is the stuff policy makers at thinktanks like
The Cato Institute should be thinking about. R. Bailey's "yeah for technology" boosterism is nice enough, but there are thinkier issues to be thunk about here.