The government has approved a $500 million plan to develop alternative
fuel for transportation, Middle East Newsline reported.
Officials said Israeli startups would be encouraged
to develop a replacement for gasoline for automobiles, buses and trucks amid
the prospect of another global energy crisis.
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"I view this as a national goal of the highest importance because the
addiction to oil has led to the Western world being dependent on the
oil-producing countries and harms the standing and security of the state of
Israel," Prime Minister Benjamin Netanyahu said on Sept. 19.
In an address to the Cabinet, Netanyahu said the search for an
alternative to oil could take up to a decade. He said the government, rather
than private contractors, would lead the research effort, the planning of
which has not yet been completed.
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