Home Tags Hybrid
Green Car Innovation Fund pumps $63 million into Toyota. Commercialisation Australia gets $61 million...
Senator Carr's office announced last week that it will invest $63 million to bring production of Toyota’s next-generation, four-cylinder engine to the company's plant in Altona, Victoria. The Altona plant currently employs 320 people. By way of comparison, the much lauded Commercialisation Australia fund has been allocated $244 million over the four years 2011 to 2014. That's $61 million a year. Which option, do you think, will create more jobs?
Better Place, an ambitious, venture capital backed company, is building electric car infrastructures targeting major cities around the world. The idea is simple yet constitutes a radical departure from conventional wisdom – instead of stretching the technological limits of a battery’s life, Better Place is constructing a network of battery swap stations that will allow electric cars to replace its depleted battery for a new one in less than 60 seconds.