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Tag: Gasoline

Agassi Says: Let It Ride

Before 2020, says Israel’s entrepreneurial sweetheart, electric cars will be flying off the showroom floor faster than gasoline-powered automobiles.

“It doesn’t mean that oil is not necessary, but we’re starting the way out…In Israel, in 2016, plus or minus a year, more electric cars will be sold than gasoline cars. When that happens in Country One, within two years you will see it in every country.”

Better Place Electric Vehicle ChargersBefore the end of the year there will be 56 stations b’Eretz and 5,000 cars produced. In 2012, Denmark, Australia, Hawaii and the San Francisco Bay Area will fall in line.

Agassi has raised some $700m and spent one-third of it on setting up recharging stations. This leaves him with enough cash to absorb losses assuring his breaking even with the initial steps of the venture.

Shai did not shy away from expressing his enthusiasm to the press:

“Israel will become the first country in the world to put 100,000 all-electric cars on the road…Not the US. Not China. Not countries much bigger – Israel!…From 2000 to 2010, China added 120 million cars on the road (and) next year, 25 to 30 million..It’s no longer the US that sets the price (of oil). Now it’s a question of how many cars were added in China, how many were added in Brazil, how many were added in India…The end of the oil era will not come because we ran out of oil – it will come become we don’t want to use oil any more to drive…I can guarantee you that we will finish the need for oil as an energy source for cars before we run out of oil in the ground.”

Priming the (gas) pump

Gasoline Pump
Aren’t those Israeli finance ministry people clever? It was just the other day when Yuval Steinitz, Bibi Netanyahu’s Finance Minister, was expressing he regrets over the decision to charge VAT on fruits and vegetable sold in open air and similar markets. The uproar this decision created resulted in the government deciding to back off from their unpopular decision, as trying to collect these revenues might prove to be a bit dangerous, to say the least. Besides, the poor folk have been battered enough, especially pensioners and other weaker elements of our society.

But wait – there’s better ways to fleece the public, and bless our government to come up with just the perfect to get extra money from everybody, both rich and poor alike. And that better way it to hike up the taxes on gasoline, as this can be collected automatically at source and won’t affect many of the poor folk as long as they don’t have car.
Raising the price of fuel by 30 Agorot a liter, about 7.33 US cents, will not only raise a nice amount of needed revenues but not cause a revolution either. When pepole don’t have a choice, they pay what they have to since they don’t have much of a choice otherwise. The new levy will raise the price on 95 octane unleaded to NS 5.79 per liter at self-service stations.
The new gasoline tariff will go along with other austerity measures, including increasing VAT (on all other goods and services) to 16.5%, increasing contribution amounts required for National Insurance, municipal rates increases, and other means. Since most really poor folk don’t own a car, they won’t get stung with higher gas prices. Just the rest of us will. Most likely employees driving lease cars will have to pay a bit more for this privilege – too bad! Most likely a “beer and booze tax is also in the works too. That’s also something the public has no control over. It’s either that or take off child allowances even more. And that will make government coalition partners (like Shas) head for the hills.

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