Georgia in Talks With U.S. Export-Import Bank on Green Car Plan
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Georgia is in talks with the U.S. Export-Import Bank on plans to spend as much as $200 million on electric and hybrid cars in a bid to create the first “green government” among the former Soviet republics.
The government plans to buy about 4,000 cars in the next three to four years from producers such as General Motors Co., Ford Motor Co. and Toyota Motor Corp., said Economy Minister Vera Kobalia. The cars will cost an average of about $32,000 apiece, she said.