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Monday, March 21, 2011

Renault equips Republic of Georgia with 4,000 electric cars

Renault SA (RNO) signed an agreement to provide electric cars to Georgia starting next year, the former Soviet republic’s economic development ministry said today.

The French carmaker will initially conduct feasibility studies and help develop infrastructure, the statement said.

Vera Kobalia, Georgia’s minister for sustainable development, said in November that the government plans to buy about 4,000 electric cars from various producers over the next three or four years, while auctioning off the existing fleet.

To contact the reporter on this story: Helena Bedwell in Tbilisi at
Bloomberg, March 18, 2011