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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Snowshoe1/21/2008 11:35:16 AM
   of 206279
 
Israel Is Set to Promote the Use of Electric Cars ___________________________________

By STEVEN ERLANGER
January 21, 2008

JERUSALEM — Israel, tiny and bereft of oil, has decided to embrace the electric car.

On Monday, the Israeli government will announce its support for a broad effort to promote the use of electric cars, embracing a joint venture between an American-Israeli entrepreneur and Renault and its partner, Nissan Motor Company.

Prime Minister Ehud Olmert, with the active support of President Shimon Peres, intends to make Israel a laboratory to test the practicality of an environmentally clean electric car. The state will offer tax incentives to purchasers, and the new company, with a $200 million investment to start, will begin construction of facilities to recharge the cars and replace empty batteries quickly.

more: nytimes.com
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