In an election year when candidates from both major political parties are touting their respective energy policies, Americans would do well to look to one of our allies in the Middle East. Earlier this year, the Israeli government announced major tax rewards for purchasers of electric cars. This action is part of a larger government policy to promote an electric car initiative known as Better Place. The history of Better Place shows how governments and private industry can cooperate to produce an energy strategy that is both environmental and profitable.

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In an interesting provision in the new Energy Independence and Security Act of 2007, the U.S. pledged to fund cooperative research and development efforts with Israel to develop alternative sources of renewable energy. Israel is a recognized leader in alternative energy technology, and the home of more than 200 companies that research and develop environmental and energy-related technologies.

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For further information about this topic, please contact Akin Gump.