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EV company Better Place closes down

Credit: Better Place

Credit: Better Place

Electric vehicle manufacturer Better Place made cars with swappable batteries. Drive into a Better Place outlet and they’d swap your battery in minutes, just like filling up with gas. But their cars were expensive and so were the swapping facilities. Their concept got traction in small counties like Israel and Denmark where conceivably a dozen or so well-situated facilities would suffice for most buyers. But a country like the US would require thousands of facilities and this lack of infrastructure was their biggest stumbling block and the company has shut down completely.

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