Electric Car Network Planned for Australia.By Angela Macdonald-Smith, BloombergNews, October 23, 2008. "Better Place LLC, a developer of electric car networks, said it plans to raise $670 million to develop a grid for powering vehicles in Australia... The first mass-market cars are expected to be available in Australia by the 2012 model year, a year after a similar start- up in Israel and Denmark, Palo Alto, California-based Better Place said today in an e-mailed statement. Macquarie will assist in business development and financing, while AGL will provide renewable energy to power the cars, it said. Australia has the world's seventh-highest per capita rate of car ownership, with almost 15 million on the road, after adding more than a million new vehicles in 2007."
2008-10-23
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