Project Better Place is about developing an electric vehicle battery swapping system that can enable people to literally replace their battery packs in exchange for another one which was charged while it was at the Better Place swapping station.
Denmark is going to be the first test market for Vehicle-to-Grid (V2G) technology, it was announced at Smart Grid Applied 2011 in Palo Alto, California yesterday. Electric Vehicle owners will be able sell back power from their EV batteries to the grid, with estimated compensation for EV owners of about $10,000 over the lifespan of the car.
In just five years of the Recovery Act stimulus, by 2015, we are now on track to produce fully 40% of the world’s batteries for electric vehicles. Currently, we make only 2%. Before The Recovery Act passage, the US was hardly a world leader in advanced electric vehicles, or in … [continued]
