Better Place Bringing $1 Billion Electric Auto Grid to California - First in America

Posted on November 21, 2008 at 6:44 am (PST)

Palo Alto’s Better Place company has vowed to bring a $1 billion electric vehicle grid to the Bay Area, California. The company has already set up similar grids in Australia, Denmark and Israel.

The plan has just been endorsed by the San Jose, Oakland and San Francisco mayors. They’ve also agreed to offer incentives to companies that install plug-in stations. The plan will result in 250,000 charging ports, 200 battery-swap stations and a driver service center. Everything should be up and running by 2012. Network planning and permitting will begin in earnest next year and infrastructure deployment will kickoff in 2010.

Here is how it is planned to work: You will receive a discounted price on an electric vehicle when you subscribe to drive a certain number of miles. Better Place will own the batteries. You’ll be, in a sense, renting. This will be America’s first infrastructure of the sort.

Watch the inspirational video below from Better Place to get excited about shedding your old-fangled gas guzzler: