France Puts $500 Million Into Development of Electric and Hybrid Cars ~ Hybrid Car Review
Hybrid Car Review: France Puts $500 Million Into Development of Electric and Hybrid Cars

Thursday, October 09, 2008

France Puts $500 Million Into Development of Electric and Hybrid Cars

France has decided to support the development of electric and hybrid cars through government support. French President Sarkozy pledged 400 million euros ($549 million) to the effort.

During the Paris Auto Show, he announced they money would go "exclusively for the research and development of nonpolluting vehicles" over four years.

And like the US government, he wants other European banks to invest in the development through loans to automakers.

Renault SA and Electrite de France are working to build the infrastructure to recharge electric cars, with a launch date of 2011 for their electric vehicle.

That's in step with their partner Nissan, who recently said they would prefer to skip over the plug-in hybrid and go straight to electric. Nissan plans on offering an electric car by 2010, but not the Nuvu.

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2 comments:

Noz said...

Hmmmm..all that money on the war...imagine where we'd be now.

Mike said...

I'm not sure I follow. The mortgage crisis was not dependent on where our government money was, but on loaning practices.

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