Anyone who is critical of electric vehicles all shares one argument in mind; they are not practical. That is because most EVs can only last approximately 100 miles or so per charge, then it can take several hours to "refill."
Problem solved. A firm calling themselves Better Place have come up with a viable solution and they are rallying the big guns to get behind them. The crazy thing is, it is working.
The firm has just received another $350 million in funding to continue their operations.
The genius idea? Rather than simply have recharging stations, the key is to do battery swapping at station sites. Supposedly this could all take less than the amount of time required to refill a tank of gas. Users will be charged a fee depending on how far they drive.
Does this sounding promising to you? Let us know in the comments below and make your voice heard on AutoSpies...
The New York Times reports:
"Better Place, the closely watched start-up that hopes to create vast networks of charge spots to power electric cars, is set to receive a vote of confidence on Monday, in the form of $350 million in new venture capital.
Although Better Place will most likely require billions more in financing, this investment is an important step for the company and its chief, Shai Agassi, an Israeli-American software executive who founded the company in 2007.
“Better Place is a huge experiment in how you sell and fuel vehicles, and these investors are becoming convinced this will make money,” said Rod Lache, an analyst at Deutsche Bank..."
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