Renault-Nissan to First Mass Market Electric Car

In a move towards reducing CO2 car emissions and particles pollution, the Renault-Nissan Alliance and Project Better Place signed a Memorandum of understanding on January 21 in Jerusalem. The solution framework comes in response to the Israeli State's challenge to the automotive industry and its supply chain to migrate the country's transportation infrastructure to renewable sources of energy. For the first time in history, all the conditions necessary for electric vehicles to be successfully mass-marketed will be brought together in a partnership between the Renault-Nissan Alliance and Project Better Place in Israel. 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.