Israel to invest 6.9 mln USD in building electric car charging points

JERUSALEM, Aug. 4– Israel plans to invest 23 million shekels in subsidizing the building of eclectic car charging points across the country, the Israeli Ministry of Energy said on Thursday. The ministry said that 8 million shekels of the fund will be used for subsidizing the installation of 1,600 charging points in private-run parking lots, which is equivalent…

JERUSALEM, Aug. 4 (Xinhua) — Israel plans to invest 23 million shekels (about 6.9 million U.S. dollars) in subsidizing the building of eclectic car charging points across the country, the Israeli Ministry of Energy said on Thursday.

The ministry said that 8 million shekels of the fund will be used for subsidizing the installation of 1,600 charging points in private-run parking lots, which is equivalent to reducing 75 percent of the cost.

This allows slow regular AC charging points to be installed in parking lots at shopping centers, malls, and other privately-owned properties that are open to the public.

Also, 15 million shekels will be used for subsidizing the installation of more than 1,200 rapid or ultra-rapid DC charging points in cities and towns throughout Israel. Enditem