News on upcoming electric vehicle initiatives is not just limited to the United States, Europe and Japan; Australia is jumping on the map with a planned electric vehicle network. Better Place, a United States-based company, is collaborating with AGL (an Australian power company) and Macquarie Capital to raise AUD $1 billion for an electric vehicle network.

This new partnership has its eyes on building EV networks in Melbourne, Sydney and Brisbane; the power for these networks will come from a renewable energy source via AGL.

“Under the plan, the three cities will each have a network of between 200,000 and 250,000 charge stations by 2012 where drivers can plug in and power up their electric cars. The points would probably be at homes and businesses, car parks and shopping centres….

In addition, 150 switch stations will be built in each city and on major freeways, where electric batteries can be automatically replaced in drive-in stations similar to a car wash.” (Source: AFP)

Subscribe

Filed Under: Australia, Eco Friendly, electric vehicles

If you enjoyed reading this article... Subscribe to Our Feed