Israel Corporation is now the head of one of the country's largest holding companies in Israel, contrary to reservations being made about the Better Place electric car company. CEO Nir Gilad said he expects these electric cars to be "commercially on the roads" by the year 2012. He also believes this cars are the trend for the future; and that every leading car maker has announced plans to offer their versions of electric cars. A consumer giant like China is agreeing to work with Better Place. Besides Better Place, other car automakers include Ford and the American auto giant General Motors. The year 2011 will be one involving extensive testing of the Better Place cards in Israel and other countries like Denmark. According to Gilad, Better Place has picked up the pace of its research and development causing company to lose some $32 million for the third quarter of 2010. The Israel Corporation is one of the major investors in Better Place. A market for electric cars in Israel will open new doors to bigger technology there and in other countries such as China. I think this is a positive step towards bettering the automobile industry in the world.
Link to site: http://www.greenprophet.com/2010/11/israel-electric-cars-2/
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