In an age where battery charging ranges are approaching 150 km and projected to reach 400-500 km in a few years, who is going to need Better Place's cumbersome and expensive battery swapping scheme? And if already destined to become obsolete, who would want to fund the company's elaborate infrastructure to begin with? In short, Better Place was always a stock promotion instead of a real business that made sense. Israeli and other investors fell for Agassi's hype and lost hundreds of millions of dollars. Paradoxically, the company's failure heralds good news for the EV (Electric Vehicle) Industry as a whole. This is because, while Better Place falsely represented itself as an EV technology leader, its unworkable scheme kept giving the whole EV Industry a bad name!
UN: At least 1,332 Iraqis killed by violence in July (AP)