We'd heard Renault was prepping a new electric car in conjunction with EV start-up Project Better Place, but no one had actually seen the thing until its unveiling today in Tel Aviv. The car itself only has a 125 mile range, which is where Project Better Place's network of charging and battery swap stations come in. But since those aren't intended for rollout until 2010 in Israel and Denmark, Renault won't have any EVs immediately available to buyers -- making this consumer-friendly sedan more of a precursor to the supposed $0.5-1 billion the Renault-Nissan alliance are lining up to invest in their respective electric vehicle businesses.

[Via AutoblogGreen]