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Australia is Latest Country to Make the Electric Car Choice

A summary of Australia’s decision to embrace the future of the electric car as a matter of state policy, an  important step toward substituting electricity for oil,  is posted below.  The report originated on The Oil Drum and the complete report is here:

Project Better Place founder Shai Agassi was in town last week announcing that Australia will become the third country, following Denmark and Israel, to implement the group’s vision of electric vehicles powered by renewable energy.

Better Place and Macquarie Capital Group will raise $1 billion to build a network of 250,000 charging stations and battery exchange stations in key locations along the east coast by 2012. The network will be powered by wind turbines owned by AGL Energy.

More on this topic (What's this?)
Australia Revises GDP Estimate Again? (Zero Hedge, 6/22/09)
Electric cars a priority for Magna (Canadian Business Blog, 6/3/09)
Another Electric Car Hits The California Market (Green Chip Stocks, 6/3/09)
Read more on Investing in Australia, Electric Cars at Wikinvest

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This entry was posted on Monday, November 3rd, 2008 at 8:57 pm and is filed under Wind, batteries, electric vehicles. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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