Israel plans to cut oil use in transportation by 60 percent by 2025 and will tap into its newfound natural gas deposits to make it happen. It is also investing heavily to help start-ups developing battery and biofuel technologies, and is offering an annual $1 million prize to innovators in the field.
http://www.reuters.com/article/2013/12/24/us-israel-cars-fuels-idUSBRE9BN0BC20131224
Cutting oil use by 60%
This entry was posted in Economy & Business. Bookmark the permalink.