We can feel it—in the air, at the pump, in our neighborhood.
It’s running out. And if you ask us, the last drop can’t arrive a moment too soon. The massive spills, the air and water contamination, the geo-political turmoil. We’ve had enough of oil.
Posted on 05/24/2013 8:04:44 PM PDT by haffast
Israeli electric car firm Better Place, which hoped to revolutionize driving habits in Israel and worldwide, will file for bankruptcy in the coming week.
The trailblazing firm sought to accelerate a world motoring shift away from gas-guzzling cars to electric, battery-powered vehicles. But “the company was not well-served by having things it thought would happen over a decade happen within a year,” a source familiar with the company’s financial woes told Fortune on Friday.
snip
It also touted partnerships developing in France and the US, harboring particular hopes of an electric car revolution pushed by the Obama administration.
snip
(Excerpt) Read more at timesofisrael.com ...
We can feel it—in the air, at the pump, in our neighborhood.
It’s running out. And if you ask us, the last drop can’t arrive a moment too soon. The massive spills, the air and water contamination, the geo-political turmoil. We’ve had enough of oil.
Liberals = terminal cancer
Don’t cry when this company dies. They’ll be in a better place. Oh, wait........
Ha.....and the Green River formation weighs in at 3 Trillion Barrels of oil.
What a lousy name for a company. No wonder it went bankrupt.
Fortunately, thanks to nanotechnology, such batteries could become reality. The development of dry-electrode lithium-ion, carbon-nanotube ultracapacitor, and possibly layered graphene sheet batteries could triple the range of electric cars by 2017, and that will finally make electric cars viable as replacements for internal combustion engine (ICE) cars for commuting.
And what kind of lifespan would such a battery have?
Regardless of the battery, electric cars will never be viable as long as our electric grid can’t support their widespread use.
“Until relatively recently, though, Better Place was still expressing confidence in its future. Company spokesperson Susanne Tolstrup, for one, said that the company had a bright future in China. “”
EVERY COMPANY has a bright future in China, given the massive number of people and the huge (and increasing) wealth there.
...of course that’s only until they try to do business there.
Keep in mind that all the effort and cost (particularly capital cost) involved with having a system to switch out batteries and having batteries readily available wherever you drive, is all being done to replace 1, maybe 2 gallons of gas (at most) per battery swap. It’s hard to see how their model was ever going to work.
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