Four stations, where electric cars can replace their batteries, are now operating
in central and northern Israel, and 40 more are planned to be opened before the
end of 2012. The concept of replacing
the car battery in a gasoline station or local store is an interesting one, as
it reduces the price of the car and the investment requirement for electric car
infrastructure; also, reduces the uncertainty of the car owner about recharging
the battery.
Better Place has invested more than $400 million in Israel. Supported by investors such as General Electric Co. and HSBC Holdings, they have been able to raise the capital needed to expand also in Denmark, Australia and Amsterdam (Netherlands). In the mean time, French automaker Renault customized its sedan Fluence to use Better Place batteries and at least 140 such cars are on the road in Israel. Leasing companies have ordered more than 1,800, and private customers have ordered several hundred more.
It is certainly worth watching!
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