Green and cheap? Doubts dog Lebanon s first electric car Reuters 1 hr ago
By Timour Azhari
BEIRUT, April 15 (Thomson Reuters Foundation) - Lebanon is launching its first electric car - billed as cheap and green - but sceptics say subsidised power will count for little in a flat economy reliant on fossil fuels.
Designed by Lebanon s EV Electra, the coupe-style Rise is the country s first foray into the electric car market, a fast-growing sector that promises to lower planet-warming emissions.
Costing $30,000, the Rise reaches 180 km an hour and goes on sale in Lebanon and Europe in late 2021, pending certification.
But for all the hype around the sector s rising popularity, from Norway to China, the Rise faces a bumpy journey at home.
UPDATE 1-Green and cheap? Doubts dog Lebanon s first electric car Reuters 1 hr ago
(Adds comments from energy minister)
By Timour Azhari
BEIRUT, April 15 (Thomson Reuters Foundation) - Lebanon is launching its first electric car - billed as cheap and green - but sceptics say subsidised power will count for little in a flat economy reliant on fossil fuels and struggling to attract investment into renewable energy.
Designed by Lebanon s EV Electra, the coupe-style Rise is the country s first foray into the electric car market, a fast-growing sector that promises to lower planet-warming emissions.
Costing $30,000, the Rise reaches 180km (112 miles) an hour and goes on sale in Lebanon and Europe in late 2021, pending certification.
UPDATE 1-Green and cheap? Doubts dog Lebanon s first electric car reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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Lebanon and Iraq plan to exchange about $200 million worth of heavy fuel for in-kind services, including medical expertise, caretaker energy minister Raymond Ghajar told
The National on Sunday.
The deal, which has been in discussion for “two to three years”, involves Lebanon buying 500,000 tonnes of heavy fuel from Iraq, currently worth roughly $200m, Mr Ghajar said.
The Lebanese government will deposit the money in a special account at Lebanon’s central bank for Iraq to spend locally on “any type of service, like health services”, said Mr Ghajjar.
“It’s not up to us, it’s up to them to decide what to do with the money,” he added.
Lebanon swaps $200 million in fuel with Iraq for in-kind services thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.