RIP Better Place.
Did you all see another electric automaker (Better Place) is being liquidated after burning through $850 million in investor cash? http://news.cnet.com/8301-11386_3-57586236-76/electric-car-startup-better-place-liquidating-after-
Looks like Israel and the bankers are taking the hit on this one. Or coarse the bankers will just pass their losses onto us. Israel will probably just ask for more US aid and we’ll end up paying for their loss too.
Better Place sure had a good PR machine. I can remember hearing numerous interviews with the company CEO about how their replaceable battery approach was the best way to overcome ALL the deficiencies of an electric vehicle (range, recharge time, battery cost). They had (or said they had) a solution for all these with their quick change battery packs. They sure did have a good sales pitch.