Energy

Better Place will go where gasoline is expensive

The U.S. has no shortage of government and private funding for electric car innovations and charging networks. But it’s missing one thing that can really make it a big electric car market: expensive gasoline. At least that’s the main reason why Better Place will be using the majority of its recently-announced $200 million round on building its business in Western Europe, said Andrey Zarur, a board member of Better Place.

“Western Europe has the highest average price for gasoline, and we can provide services at a relative low cost. That is where Better Place sees the low hanging fruit for deploying our solutions,” said Zarur during a conference call with reporters Thursday.

via Better Place will go where gasoline is expensive — Cleantech News and Analysis.

Categories: Energy, Transportation