The Renault-Nissan alliance (PINK: RNSDF), the Israeli Government (represented by Ehud Olmert), and the power company Project Better Place have signed a memorandum to build and deliver electric cars by 2011. The car will be manufactured by Renault-Nissan, Project Better Place will construct an electric recharge network across Israel, and the Israeli Government will provide tax incentives to the customers. The car will be electric fully powered, and will have similar performances to a 1.6 liter gasoline engine. Its autonomy would reach 100 km in town, and 160 km on highway. This become possible in a small country like Israel.
Renault-Nissan controls 9% of the vehicles global market. This memorandum is an occasion to show the World that the French-Japanese Alliance is involved in the green revolution. Moreover, this investment is a good publicity, and the occasion to position the group in this region. Israel wants to reduce its CO2 emissions but the justification is mainly strategic. The country can not deal oil with its neighbors. Its oil supply comes from Mexico, Norway and United Kingdom. After planning to build a huge solar plant in the Negev Desert, Israel wants now to cut on oil dependence.
Source: http://www.renewableenergyaccess.com/rea/news/story?id=51290&src=rss
