Wednesday, September 16, 2009

Half of Cars Sold in 2020 to be Electric

Electric carBetter Place founder and CEO Shai Agassi, whose company will be providing services for electric cars in Israel and other countries, says he believes that at least half the cars that will be sold by 2020 will be electric cars. Agassi was speaking at a press conference at the Frankfurt Motor Show Tuesday.

According to the company, some 50 companies have already signed up to buy services from Better Place for electric cars they plan to purchase, representing some 35,000 vehicles. Among the companies planning to convert much of their Israeli fleets to electric cars are Intel, Microsoft, Cisco, Fedex, and others.

Source: Israel National News

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