Israel Enters Electric Car Partnership

The new Renault-Nissan Alliance-developed electric car will feature zero carbon and noise emissions, be priced no higher than the same model car with a gasoline engine, cost less to run and boast a lifetime warranty.

Published: 22-Jan-2008

At a conference a year ago, Shimon Peres, then vice premier in Ehud Olmert's cabinet, heard a charismatic young man named Shai Agassi, a member of the executive board of the German software giant SAP AG, give a talk on alternative, sustainable energy and how this would benefit Israel's environment.

After a subsequent get-together had further fired Peres's enthusiasm, the two arranged to meet, in Davos, Switzerland, with Carlos Ghosn, legendary chairman of Renault and Nissan. But as Agassi recalled on Monday, Ghosn was delayed by a snow storm. "Just for once, I asked for a little global warming to melt the ice and the snow," Agassi confessed at a news conference at Beit Hanassi.

But Ghosn made it in the end. And the end result was Monday's Beit Hanassi signing of a memorandum of understanding between Renault-Nissan and Project Better Place, a company established by Agassi in October, 2007, which should see the first electric cars running in Israel in 2011.

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