Used Better Place Electric Vehicles Go on Sale

Cars expected to fetch $14,000-17,000 - half the original price - with their value reduced by restricted travel range without battery switching stations.

The new owner of Better Place, Gnrgy, began a three-day sale Wednesday for 55 used electric cars owned by the company, each with an expected price half their original value.

The cars, with an average of 90,000 kilometers of use, are expected to be sold for between 50,000 and 60,000 shekels ($14,200 and $17,000) each. The sale is taking place at the Eldan car rental company’s branch in Lod. Some of them were returned to Better Place by leasing companies.

One factor lowering the used cars’ value is their limited travel range of 100 kilometers without Better Place’s network of battery switching stations. The exact price will also be adjusted to the service package purchased from Gnrgy, which can reach 250 shekels per month.

Car importer Carasso Motors is expected to begin selling the new cars in Better Place’s inventory that were not sold before it went bankrupt. About half of the cars are estimated to suffer rust damage because they were stored near the sea.

After a long saga involving two sales annulled by the courts, Better Place was sold to three companies a month ago. Gnrgy bought Better Place’s electric charging network and used cars, while Carasso and Renault bought Better’s Place inventory of new cars. Better Place’s intellectual property was bought by an American real estate company.

Emile Salman