Nissan / Renault ZE electric vehicle

As French President Nicolas Sarkozy pledged $549 million at the Paris Motor Show to help French automakers develop electric and hybrid cars, Renault and Electrite de France agreed to partner on developing the infrastructure needed to for recharging electric vehicles.

And, apparently, that’s only the beginning of the investment, as Renault/Nissan CEO Carlos Ghosn told reporters that the investment to commercialize electric cars would be “colossal”.