Thursday, November 20, 2008

Charging Ahead on Electric Vehicles in California

The three largest Bay Area cities in California have agreed to foster the infrastructure for electric vehicles.

Better Place (formerly Project Better Place) has scored a coup in the California Bay Area. The electric vehicle startup has struck a deal with the region, including the cities of San Francisco, San Jose and Oakland, to set up a $1 billion charging network for electric cars, with car availability beginning in 2012.
The cities will proide a lot of incentives and will "streamline," "expedite" and "harmonize" regulations, permitting, etc. The actual source of $1B is less clear; it sounds like mostly in-kind support and encouragement rather than cash, but that kind of support is still fantastic.

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