Solving the Electric Car Conundrum
St. Paul, Minn. -- The company calls itself Better Place.
With an initial investment of $200 million, Better Place has wrangled contracts with Israel, Denmark, Australia, Hawaii, and the San Francisco Bay Area, to build charging stations for electric cars.
The company's Jeff Miller was at the University of Minnesota today to explain how it'll work. The business model, he says, is the same as for cell phones. With your cell phone, you pay for minutes; with an electric car, you'd pay for miles.
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