Driven: Shai Agassi's Audacious Plan to Put Electric Cars on the Road- UPDATE: BAY AREA IS ON BOARD!

SO ARE ISRAEL AND DENMARK, PLUS MANY OTHER COUNTRIES ARE PRESENTLY IN NEGOTIATIONS

As Congress considers bailing out a U.S. auto industry damaged by its dependence on fossil fuel-hogging SUVs, San Francisco Bay Area leaders on Thursday unveiled plans for a $1 billion regional network of charging stations for electric cars.

Silicon Valley startup Better Place will construct the network, deploying thousands of chargers for electric cars on the streets of San Francisco, San Jose and Oakland. The cities will be linked by battery swapping stations so drivers can travel longer distances. Better Place, founded by former SAP executive Shai Agassi, previously struck deals with governments in Israel, Denmark and Australia to build electric car networks. This is the well-funded startup's first move in the U.S. market. Construction on the Bay Area network will begin in 2010 with commercial rollout in 2012.

Agassi will sell his battery-powered cars cheap and make money off drivers' electricity purchases.
Photo: Joe Pugliese

The problem, he decided, was oil-consuming, CO₂-spewing cars. The solution was to get rid of them. Not just some, and not just by substituting hybrids or flex fuels. No half measures. The internal combustion engine had to be retired. The future was in electric cars.

A MUST READ "WIRED" ARTICLE IS HERE