Better Place to setup shop in San Francisco Bay area
This week in San Francisco, Better Place founder Shai Agassi and the mayors of San Francisco, San Jose and Oakland announced the launch of an electric vehicle charging system in the Bay Area. An investment of $1 billion will be needed to install a network of public charging stations throughout the region. The process of planning the system and applying for permits is expected to start early in 2009. However, its not entirely clear who is putting up all that money for the system. San Francisco Mayor Gavin Newsom has promised tax breaks to encourage sales of electric vehicles. One thing that is clear from all of this is that the limitations of electric vehicles will require a significant infrastructure to support wide-spread use. Given what is happening with the economy right now, the goal of having this infrastructure in place throughout the region by 2012 may not be realistic.
[Source: Earth2Tech]
