Thursday, March 22, 2012

Oil price tag rise aids spur Europe electric automobile sales

A sharp rise in fuel costs this year is likely to lead more Europeans to acquire electric vehicles, even even though they are more costly than standard vehicles, auto executives said.Brent crude oil costs have risen by more than 15 per cent so far this year to more than US$ 124 (S$ 156.50) a barrel, reaching more than US$ 128 at the start of March."Electric vehicles expense usually about a fifth (based on the market place) to fuel when compared with standard petrol or diesel vehicles,"

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