Financial Times FT.com

Israel plans electric car network

By Fiona Harvey and John Reed in London and Tobias Buck in Jerusalem

Published: January 20 2008 23:17 | Last updated: January 20 2008 23:17

Israel will set out plans on Monday to cut drastically its dependence on oil imports, with a private-sector initiative for a nationwide electric car network.

The privately funded plan to build 500,000 recharging points and battery-swap stations for electric cars in the next 18 months has the backing of the government and president, Shimon Peres. Renault and Nissan will develop an electric car with a range of more than 100 miles to be mass-produced from 2011.

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