Electric Cars - The Future Is Here

Better Place, the venture-backed firm has a vision of how the electric cars will remodel the landscape of automobile industry in the next decade. CEO of Better Place predicts the future of transportation as all-electric based, rather than hybrid. It is expected that once there are electric cars for sale in the cities, the demand for the rechargeable plug in electric car would be so high that the today’s carbon-emitting vehicles would become extinct.

Better Place’s CFO, Charles Stonehill said that the role of electric cars in this electric car motor industry would be that of ‘the seller of electric miles.’ The auto-powering lithium batteries, provided inside the electric cars, could be recharged or easily switched out for fully charged units, which could be purchased from Better Place. It is expected that in future, drivers would prepay for several electric miles per month or year at the service stations. Better Place is expected to have charge stations operating in cities all around the world.

Better Place is currently is working on developing the technology to build electric-cars recharge grid in selected cities and countries. According to the plan, charge points will eventually be installed in different locations like public parking places and parking lots. The drivers of electric cars would be able to charge their electric battery in these charging stations built along highways and roads.

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