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"Project Better Place" (www.ProjectBetterPlace.com) is providing technology to Renault to produce a large-scale electric car pilot project in Israel. The company hopes to have thousands of electric-only Renault Meganes on Israeli roads by 2010.
The technology provided by Project Better Place not only involves the car's function but roadside infrastructure that mimics a gas station. When an electric Megane runs low on power, the driver can pull into a charging station where a charged battery is swapped in. Instead of paying for gas, the driver is charged a usage fee for distance traveled, much in the same way mobile phone users are charged per minute of use.
Project Better Place founder and former high-tech entrepreneur Shai Agassi explains the concept in this video: http://www.jerusalemonline.com/specials18.asp
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