Located in Palo Alto, California, the start-up that's out to combat the world's dependence on oil will have its first network installed in Israel, with electric cars running on local roads and dozens of recharge stations in place, by 2011. Currently those test cars (mostly French Renault-Citroen and some Nissan models) can run 100 miles between charges, which take about TWO minutes.....
Agassi's brainchild, Better Place intends the Israeli pilot to be a model for a worldwide electric car grid. Next stop is Denmark, and the company has plans to expand in Europe and the US.
HSBC just signed a $350 million deal with Better Place, and in Israel, the Dor Alon gas station chain signed an agreement to install battery replacement points for the electric vehicles at all of its stations.
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