Renault talking to Arabs, too, about electric cars
Israel's desire for electric cars is obvious. A small Middle East state with no oil reserves, it's demand for petroleum finances its enemies. A nation in the Gulf region, presumably with sizable oil deposits, would seem at first glance a less likely candidate to begin to shift toward electricity.
Lessons, perhaps, are being learned from countries as diverse as Norway and Brazil. Each has come to realize petroleum is more valuable as an export commodity than as a transportation fuel. Norway has 50 percent of Europe's oil reserves. Yet, electrics in the country are given incentives as it continues to export petroleum. The Nordic state is where Th!nk is headquartered. Brazil made investments decades ago to move automobiles off petroleum and on to locally-produced sugar cane ethanol. As petroleum has been found within its borders, rather than being burned locally it is shipped to world markets at ever climbing prices, helping mitigate the financial problems associated with petroleum imports plaguing many developing countries.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models