Israel Prime Minister Says Developing Electric Vehicles is “National Project”; Seeking Partnership with Japanese
Nikkei. On a visit to Japan, Israel Prime Minister Ehud Olmert said that the country intends to make the development of electric vehicles a national project and will seek to partner with Japanese companies.
Israel will build infrastructure by setting up 500,000 recharging devices in parking lots across the country. It will raise the tax for gasoline-powered vehicles to 72% while holding down the rate for electric vehicles to 10% to spur purchases of the eco-friendly cars.
In January, The Renault-Nissan Alliance and Project Better Place signed a Memorandum of Understanding (MoU) to catalyze the mass-market deployment of electric vehicles in Israel. The solution framework comes in response to the Israeli State’s challenge to the auto industry and its supply chain to migrate the country’s transportation infrastructure to renewable sources of energy. As part of the solution framework, the Israeli government will provide tax incentives to customers, Renault will supply the electric vehicles, and Project Better Place will construct and operate an Electric Recharge Grid across the entire country. Electric vehicles will be available for customers in 2011. (Earlier post.)
Olmert visited a Nissan factory in Kanagawa Prefecture Thursday, accompanied by Shai Agassi, president of California-based start-up Project Better Place...Noting that the electric-vehicle business will become commercially viable in Israel in 2011, Agassi said he came to Japan seeking partners.