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Above 60% of the world’s oil production is used in transportation, by which more than 95% is powered by oil based fuels. An additional billion cars will be added to the world’s roads in the coming decade, increasing global dependence on oil in transportation.
The Oil-Free Initiative aims to position Israel as a global leader in energy R&D and as a catalyst for the worldwide adoption of oil alternatives, in order to reduce the global consumption of oil in transportation.
With an ambitious 10-year government plan and a budget of $400 million, the initiative includes a focus on both the supply and the demand aspects of the market, under its main components:
Position Israel as a global leader in innovation for oil-alternative technologies.
Promote Israel as a global test bed for innovative solutions of alternative transportation.
Create local incentives for implementation of innovative oil-alternative technologies in the Israeli market.
Support global projects by using Israeli technologies and know-how.
Produce clear advocacy for policies and action using the diplomatic corps, creating global change.
2. Electric Vehicle and Energy Storage including smart grid solutions for charging.
3. Natural Gas and Synthetic Fuels as transportation fuel and as a source for liquid fuels.
4. Engines, Composite Materials and Other Technologies, including improvement of the power-train.
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