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Israel gearing up to inaugurate electric car grid by next year

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Israel gearing up to inaugurate electric car grid by next year

The developers of a new electric vehicle said on Sunday that Israel was on schedule to inaugurate a revolutionary electric car grid by next year, with dozens of recharge stations and thousands of cars on the road.

The California-based company Better Place said it hoped Israel's model would lead a shift toward electric transportation worldwide. The company says between 70 to 100 recharge stations will open by 2011.

It is launching a similar project in Denmark. Last month the company raised $350 million from an HSBC-led investor consortium, one of the largest clean-tech investments in history.

The company's Israeli-American chief executive, Shai Agassi, told a press conference Sunday that Israel was trying to solve the problem of oil dependency for the entire world.

Posted

Sweet. They made the desert bloom and now this.

Goooooo Israel!!!

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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Filed: K-1 Visa Country: Thailand
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Sweet. They made the desert bloom and now this.

Goooooo Israel!!!

Tell the truth Galt. If this were a story about the US -- say, California was putting in hundreds of electric recharge stations -- you'd dismiss it as a wacked out liberal how-stupid-can-you-get attempt to be "green". Glad you can at least approve of this when it's in Israel :P

 

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