Tuesday, June 30, 2009

Lithium and REE: Portugal to Build Refueling Sites for Electric Cars TNR.v, SQM, ROC, GOOG, AAPL, RIMM, NSANY, BYD, TM, TTM, DAI, F, HUI, XAU, OIH,

Portugal is not a stranger to Green Energy:
"...in recent years it has become a European pioneer in the development of clean energy. The government claims renewable sources can already meet 43% of the country's electricity needs"

Move into Green Mobility and our Next Big Thing seems very logical: after news from UK green mobility revolution is taking Europe over.

Merkel Retreats on Nuclear Power, Backs Electric Cars

"Electric-Car Technology
The CDU/CSU program aims to build on Germany’s automotive expertise to make it a “world leader” in electric cars. A model region will be identified to develop electric-car technology, with the aim of putting at least 1 million vehicles on the road by 2020
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" Associated Press
LISBON -- Portugal announced a plan to install about 1,300 recharging sites for electric vehicles over the next two years, part of an effort to create a mass market for environmentally friendly electric cars expected to go on sale next year.
The center-left Socialist government is aiming to reduce energy imports and emissions.
Having no oil or coal, Portugal has long imported most of its energy. But in recent years it has become a European pioneer in the development of clean energy. The government claims renewable sources can already meet 43% of the country's electricity needs.
The first phase of deployment will include recharging sites in 21 cities and rural districts chosen for their high population density and traffic volume, the Economy and Innovation Ministry said. The sites are to be established at gas stations, shopping malls and wired parking spots, among other places.
The network is being built by a consortium of five companies, the government said.
The government has promised tax breaks to encourage the purchase of zero-emission vehicles. It predicts that Portugal could have 180,000 battery-powered cars on the roads by 2020. By that time, there could be 25,000 recharging sites, it said."
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