Israeli entrepreneur orders 100,000 electric cars

Israeli FlagShai Agassi has invested in purchasing 100,000 electric cars from Renault for his venture: Better Place. The former software mogul aims to sell and lease the cars in Israel and Denmark, making electric cars a real choice for Joe Public.

The Renault florence retails for around $35,000, with a monthly subscription model on top of that which enables the owners to charge up from power stations and home.

The whole venture has been backed by many large banks and investors, with some $700m raised in total.

The venture is exciting as it presents a real investment in electric cars and infrastructure. With oil prices reaching record highs we know that more spent on electric vehicles brings us choice and the chance to be greener.